Monday, June 6, 2011

NIFTY NEXT- Nifty EOD 06 June 2011 Technical Analysis & OutLook For 07 June 2011


Nifty-Spot today (06 June 2011) ended at 5532.05 with a minor gain of +0.30% with formationof A White Candle on Daily Price Chart. VIX  has increased by +3.41% to the level of 18.21. PCR-Vol has declined by -16.50% to +0.91% level indicating a bearish sentiments. On Technical Price Chart, major momentum indicators are stil in bearish mood. As per our NNI-Nifty Next Indicators,which  declined by -65% in today’s Trade is now trading at +0.60 level indicates, that Nifty Will Trade Flat to Negative or Positive to Flat-Negative note on 07 June 2011. 5570 is now a Strong Resistance for Nifty Index on 07 June 2011.


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