Nifty-Micro Analysis of Intra Day Chart For 28-04-2012
Nifty-Intra Day Chart (27-Apr-2012):-
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1- Firstly more than 2 hours trading above 5200 between 5206-5221 with mixed intraday pattern
2- Down moves in falling Channel
3- Almost last 3 hours trading between 5155-5183 with mixed intraday patterns and lower levels support.
4- Whole day trading between 5155-5222.
Conclusions from intra day chart analysis
Flat closing with Doji Candle formation and lower levels support also within whole day mixed patterns are suggesting immaturity for any side decisive moves therefore more preparations are required for setting of trend.
As lower levels support also seen after higher levels slipping therefore rally possibility is alive after some more consolidations.