Nifty-Micro Analysis of 2 Sessions Intra Day Chart(Jun 04 and Jun 05,2012)
Nifty-Intra Day Chart (Jun 04 and Jun 05,2012):-
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1- Good consolidations and support between 4771-4797 on 04-06-2012
2- Selling between 4884-4898 on 05-06-2012.
Conclusions from 2 Sessions intra day chart analysis
Both intraday consolidations at lower levels and selling at higher levels in last 2 sessions therefore coming sessions trading and preparations next moves will be seen within 4771-4898 and sustaining beyond this range will be next decisive strong moves confirmations.
Following conclusions being repeated today which were updated in Pre-Closing Outlook yesterday:-
Although Indian markets lost almost all intraday gains and trading near the lower levels of the day at this moment but intraday consolidation patterns are also visible therefore up moves possibilities are still alive after more consolidations in the coming sessions.