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Nifty-Micro Analysis of Intra Day Chart For 19-07-2011

Nifty-Intra Day Chart(18-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts:-

1- Selling between 5573-5595
2- Mixed Patterns between 5561-5567


Conclusions

Nifty traded last 2 days between 5561-5595 with intraday selling at higher levels between 5573-5595 and lower levels buying between 5566-5580 last Friday. Mixed patterns between 5561-5567 today. Higher levels selling today and tanking all the global markets today therefore possibility of Indian markets slipping turned higher now and expected that last 2 days range(5561-5595) will be broken down tomorrow.
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