Monday, July 19, 2010

NIFTY NEXT: NIFTY TRADING RANGE FOR TODAY 19 JULY 2010

NIFTY TODAY MAY TRADE WITHIN THE RANGE OF 5355-5386 LEVEL WITH NEGATIVE TO FLAT BIAS,IN TANDEEM WITH GLOBAL MARKET. NIFTY HAS FORMED LAST PATTERN-BEARISH CRAB ON 14/07/2010, WHILE ON DAILY CHARTS IT FORMED BULLISH ENGULGING ON 16/07/2010.OUR NNI-NIFTY NEXT INDICATOR IS STILL IN POSITVE ZONE, INDICATES A PULL BACK FROM LOWER LEVELS.5386 IS STRONG RESISTANCE AND 5316 IS STRONG SUPPORT FOR THE NIFTY.
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