Monday, January 30, 2012

NIFTY NEXT- Nifty Trading Range for 30Jan 2012


Nifty-Spot today (30Jan2012) may Trade with Huge with Volatility with Flat to Negative Note within the Range of `5213-5162. As per Our NNI-Nifty Next Indicators, which Declined by -63% in last Trading Sessions on 27 Jan 2012 along with Fall in Volume, suggests that Nifty may Trade in Negative Zone in First Trading Session, but it may Recover its losses in afternoon Trading Session. On Technical Price Chart, Nifty is showing Weakness. It has formed a Bearish Hanging Man on Daily price chart. Major Momentum Indicators are also looking over-bought. Closing  Below ` 5128 will start a Bearish Wave. 

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