NIFTY-SPOT TODAY (17 Jan 2012) will Trade with Positive Bias within the Range of 4860-4914.As per our NNI-Nifty Next Indicators, which has gained by +15% in last Trading session on 16 Jan 2012, suggests that Any Gap Down will be a good Buying Hour for Intraday Basis. As per Technical Price Chart of Nifty-Spot, Major momentum Indicators are gaining momentum . Nifty-Spot has Now Strong Resistance at 4767.
Nifty-Fut has Strong Support at 4881 & Resistance at 4951 for Intraday on 17 Jan 2012.
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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