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Nifty-Micro Analysis of Intra Day Chart For 15-06-2011


Nifty-Intra Day Chart(15-06-2011):-
Just click on chart for its enlarged view
Main Features

1- Selling between 5495-5480
2- Last 2 hours mixed patterns between 5439-5455

Conclusions

Selling between 5495-5480 and as soon as it developed then down moves was predicted  in Mid-session Outlook today and following line was told:-

more down moves will be seen now.

As already selling at higher levels therefore more down moves and next supports testing possibility can not be ruled out because no clear consolidation patterns today and last 2 hours mixed patterns between 5439-5455, sustaining beyond this range will be next move confirmation and possibilities of slipping below this range are more.
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