Tuesday, April 19, 2011

NIFTY NEXT- Nifty EOD 19 April 2011 Technical Analysis & OutLook For 20 April 2011


Nifty-Spot Today (19 April 2011) bounced back from its lower level 5693.25 as per our  morning Calls and closed at 5740.75 with a gain of +0.2% with formation of a white candle on daily price chart. As per VS of Nifty Options, Nifty finds support at 5700 and may move upper side 6200 in next 2 months. On Technical Charts, all major momentum indicators are now  showing Strength. Trading & Closing above 5766 on 20 April will mark a Bullish Trend Starting.

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