Tuesday, July 12, 2011

NIFTY NEXT- Nifty Trading Range for 12 July 2011


Nifty-Spot today ( 12 July 2011) may Trade with Negative Bias within the Range of 5523-5602. On Technical Chart, major momentum indicators are in overbought zone. As per Our NNI-Nifty Next Indicator, which falled by -90.50% along with increase in  PCR_Volume, suggests the Bearish note for Nifty .5545 is Strong Support for Nifty-Fut. As per Cloud Charts of Nifty, If Nifty closes above 5638, then bullish and if breaks the level of 5454 in mid-term , then we will enter into a Bearish Phase. 

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