As more than 3 hours mixed intraday patterns between 5367-5386 on 14-08-2012 therefore following line was told on 15-08-2012:-
1- more consolidation is required for a sustained rally above 5386.
2- consolidation is first demand for next up moves above 5400.
Expected that Nifty will firstly trade most time within mentioned Mixed Patterns range(5367-5386) and prepare for next moves.Finally next moves first indication will be sustaining beyond mentioned mixed patterns range and should be firstly watched also.
1- more consolidation is required for a sustained rally above 5386.
2- consolidation is first demand for next up moves above 5400.
Expected that Nifty will firstly trade most time within mentioned Mixed Patterns range(5367-5386) and prepare for next moves.Finally next moves first indication will be sustaining beyond mentioned mixed patterns range and should be firstly watched also.