Wednesday, July 13, 2011

NIFTY NEXT- Nifty EOD 13 July 2011 Technical Analysis & OutLook For 14 July 2011


Nifty-Spot today(13 July 2011) ended at 5585.45 with a handsome gain of +1.10% with formation of a Long White Candle, after Hitting Days’ High at 5596.15. VIX has declined by -6.30% to the level of 19.52 along with fall in PCR-Vol  of Nifty Options by -10.81%. On Technical Charts, major momentum indicators are gaining momentum. Buyer-Seller Force Index and W%R are moving upward. As per Our NNI-Nifty Next Indicators, which gained by +9.40% along with fall in Volume, suggests that Nifty will Trade in Positive Bias and we may see the Selling from its higher levels Due To Bomb –Blast  in Mumbai  on  13 July 2011. If Nifty Closes Above 5624 on 14 July 2011, then this Bull Trend  will be Intact.
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. You can reach the Chartist here mail@niftynext.com . We are Using AmiBroker Charting Software(V-5.40), Pattern Explorer & AmiTool-PowerScan.

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