Nifty Today (05 Dec 2011) will Trade with Positive Bias within the Range of 5034-5089.As per Our NNI-Nifty Next Indicator, which has increased in Both Momentum & Magnitude, suggests that Nifty has gained Positiveness. Any Gap Down Opening will be covered smartly today.Nifty has now strong Support at 5034 and Resistance at 5089. If 5089 is crosses ,Our Index may smoothly cross-over to 5102/5115/5128/5139.
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-5.46) & AmiTool-PowerScan.
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