Market Behavior with Intraday Nifty Analysis

 Hi friends, on 19/4/12, This charts is similar to 17/4/12, the entry is also similar.

Let see why entry should be made at this point:
1. Price is above the trend line (bullishness -Daily)
2. Then price consolidates and form double bottom at yesterdays low.
3. Then price breaks the opening bar range(days high) - bullishness.
4. Price raises above the hits and yesterdays high and retraces to opening range to supports.
5. and  support hold - which is "buy"