Nifty-Micro Analysis of Intra Day Chart For 25-04-2012
Nifty-Intra Day Chart (24-Apr-2012):-
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1- More rhan 4 hours trading between 5208-5232 with selling indications
2- Whole day trading between 5181-5232
Conclusions from intra day chart analysis
Although Indian markets closed positive and today Candle is also Bullish Hammer but more rhan 4 hours trading with intraday selling indications today therefore down moves possibility is alive for tomorrow.
US markets are trading with good gains after European markets strong closing therefore intraday volatility and some up moves may be seen but expected that finally Nifty will not sustain above 5232 and more down moves possibility is still alive as well as slipping below 5200 is possible.