Wednesday, June 22, 2011

NIFTY NEXT- Nifty EOD 22 June 2011 Technical Analysis & OutLook For 23 June 2011


Nifty-Spot today(22 June 2011) slides from its higher levels 5310.50 , as per our Morning Post and ended at 5278.30 , Flat with formation of a Black Candle. VIX has declined by -5.85 to the level of 20.83. On Technical Price Chart, major momentum indicators are yet to confirm the Uptrend. Only PZO is moving ahead to support the Bulls.  PCR-Vol has declined by – 2.44% to  +080 level. As per our NNI-Nifty Next Indicators which gained by + 178%, suggests that Nifty will trade with Positive Bias on 23 June 2011.Nifty Has now Intraday resistance 5317/5369 for Tomorrow,23 June 2011. As per Technical Chart, Nifty has long Term Support at 4758 and Resistance at 5420.

Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .



Call NiftyNext # +91 880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.

Subscribe to: Post Comments (Atom)

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.

Blog Archive