Thursday, June 2, 2011

NIFTY NEXT- Nifty EOD 02 June 2011 Technical Analysis & OutLook For 03 June 2011


Nifty-Spot today (02June 2011) Traded well within Trading Range as per Our Morning Post and ended at 5550.35 with a fall of -0.70%. It has Recovered from its lower levels of 5521.95. On Technical Chart, Nifty is showing weakness. Major Momentum Indicators are now moving Downward. PCR-VOL has increased by +13.93% along with VIX to the level of +1.39%, indicates that Nifty Will Trade with Huge Volatility in coming days. As per Our NNI- Nifty Next Indicators, which increased by +650%, after a long Time, is now Trading in Positive territory  to +1.90% along with increase in Traders’ Hope, suggests that Nifty Will Trade with Positive Note or Sharp Recovery From Its lower levels. SUN TV & SBI will be Best Stocks For Intraday Trade on 03 June 2011.

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