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very short term correction on 07-02-2012
| From : Lalit Dhingra at 11:47 PM - Feb 06, 2012 ( ) |
Share it on FacebookNifty-Micro Analysis of Intra Day Chart For 07-02-2012
Nifty-Intra Day Chart(06-Feb-2012):-
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Just click on chart for its enlarged view |
Technical Patterns and Formations in today intraday charts
1- Selling between 5365-5389
2- Whole day trading between 5330-5389
Conclusions from intra day chart analysis
Selling at higher levels today therefore very short term correction and slipping below today trading lows(5330) is expected and follow up buying/selling will decide the life and depth of correction tomorrow. As intraday selling at higher levels therefore consolidation and sustaining above 5389 is must for next up moves confirmations.
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