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Pull Back Rally on Cards


Tomorrow Market(20-05-2011) Outlook,Technical Analysis & Research

Detailed analysis and reasons for Pull Back Rally expectations have been posted in Following topics:-

1- Indian Stock Markets Closing Reports(19-05-2011)
2- Nifty-Micro Analysis of Intra Day Chart(19-05-2011)
3- Nifty-Micro Analysis of 3 days Intra Day Charts(May 17 to May 19,2011)

Conclusions

All trends are down and Nifty sustained 3 days below 5444 but last 3 sessions patterns are suggesting lower levels consolidations and base formations therefore minimum Pull back rally expected in the coming sessions and expected that Nifty will consolidate tomorrow  within last 2 days trading range(5402-5455)and after that upmoves will be seen in the coming week.
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