Nifty-Spot today (25 July 2011) ended at 5680.30 with a handsome gain of +0.80% with formation of a White Candle on Daily Price Chart and near to Days’ High of 5605. On Technical Price Chart, major momentum indicators are gaining strength.VIX has declined by -4.50% to the level of 17.91. As per our NNI-Nifty Next Indicator, which gained by +77% along with huge volume and increase in PCR-Volume, suggests that Nifty will Trade with Positive Bias on 26 July 2011 will expire with Positive Note in June 2011.5705 is now STRONG Resistance for Nifty on 26 July 2011.
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-5.42), Pattern Explorer & AmiTool-PowerScan.
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