Nifty-Spot today (12 Jan 2012) may Trade with Flat to Negative Bias within the Range of 4865-4835. As per our NNI-Nifty Next Indicators, which declined by almost -42% in last trading session on 11 Jan 2012 suggests the same negative bias. On Technical Price Chart, Nifty has formed a Bearish Spinning Top Candle pattern on Daily Price Chart. Major Momentum Indicators are also looking overbought.
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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