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Nifty-Micro Analysis of Intra Day Chart For 26-07-2011


Nifty-Intra Day Chart(25-Jul-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Consolidation between 5618-5650
2- Mixed patterns between 5675-5699

Conclusions

Most of the time intraday consolidation but last one hour mixed patterns between 5675-5699 just below resistance range. Today rally gave many bullish markets confirmations therefore expected that Nifty will consolidate around next resistance of 5700-5740 and finally cross 5740 in the coming sessions.
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