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Technical Analysis and Market Outlook(01-08-2013)

Nifty-Intra Day Chart (31-Jul-2013):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- First 4 hours lower levels supports and consolidations between 5677-5720
2- Last more than 1 hour trading with mixed Patterns between 4726-5751 
3- Whole day actual trading between 5677-5751

Conclusions from intra day chart analysis 

As lower levels supports and consolidations therefore some recovery from lower levels but last more than 1 hour trading with mixed Patterns between 5677-5751 also. Correction continuation but emergence of Pull Back Rally possibility today and firstly sustaining beyond 5677-5751 should be watched tomorrow for Pull Back Rally beginning confirmations.
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