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Nifty-Micro Analysis of Intra Day Chart For 04-08-2011

Nifty-Intra Day Chart(03-Aug-2011):-
Just click on chart for its enlarged view
Technical Patterns and Formations in today intraday charts

1- Good condolidation between- 5380-5400
2- Whole day intraday pattern showing condolidation

Conclusions


Although Dow jones is more than 115 points down at this moment but Whole day intraday pattern is showing consolidation therefore up moves are expected tomorrow in Indian markets.
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