Tuesday, March 22, 2011

NIFTY NEXT-Nifty EOD 22 March 2011 Technical Analysis & OutLook for 23 March 2011

\Nifty-Spot today ended at 5413.85 with a handsome gain of +0.90% with formation of a White Candle on Daily price chart. All major Technical Indicators, Centre of Gravity, 350 Swing are already given positive signals on Daily price chart. As per VS of Nifty Options, it has Strong support at 5400 while Resistance  at 5900.As Per our NNI-Nifty Next Indicators, which increased by +46% on 22 March 2011 with increase in Trader’s Hope and fall in volume, suggest that Nifty will be Positive on tomorrow 23 March 2011.Nifty has Strong Support at 5348.20 and Resistance at 5537.30 on daily Charts. Tata Steel will be the Best Stocks to Buy & Trade Intraday on 23 March 2011.

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