Nifty-Micro Analysis of Intra Day Chart For 22-12-2011
Nifty-Intra Day Chart(21-dec-2011):-
Technical Patterns and Formations in today intraday charts
1- Consolidation between 4602-4624.
2- Strong rally in last 55 minutes.
3- Last 29 minutes mixed patterns between 4684-4705.
4- Whole day trading between 4602-4705.
Conclusions from intra day chart analysis
Pull Back Rally confirmation after lower levels consolidation and last 55 minutes strong up moves. As last 29 minutes mixed patterns between 4684-4705 also therefore fresh consolidation is required for next up moves and continuation of today started strong Pull back rally.
Expected that today begun Pull Back Rally will remin continued after some more consolidations first.
Conclusions from only today intraday charts analysis have been posted above and more conclusions will be updated before the opening of tomorrow market and it will also be proved that:-
why and how 4693 is most crucial level for deciding the next big moves of coming months and years trend in Indian markets?
Nifty-Intra Day Chart(21-dec-2011):-
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| Just click on chart for its enlarged view |
1- Consolidation between 4602-4624.
2- Strong rally in last 55 minutes.
3- Last 29 minutes mixed patterns between 4684-4705.
4- Whole day trading between 4602-4705.
Conclusions from intra day chart analysis
Pull Back Rally confirmation after lower levels consolidation and last 55 minutes strong up moves. As last 29 minutes mixed patterns between 4684-4705 also therefore fresh consolidation is required for next up moves and continuation of today started strong Pull back rally.
Expected that today begun Pull Back Rally will remin continued after some more consolidations first.
Conclusions from only today intraday charts analysis have been posted above and more conclusions will be updated before the opening of tomorrow market and it will also be proved that:-
why and how 4693 is most crucial level for deciding the next big moves of coming months and years trend in Indian markets?