Tuesday, February 21, 2012

NIFTY NEXT- Nifty EOD 21 Feb 2012 Technical Analysis & Out Look For 22 Feb 2012


Nifty-Spot today(21Feb2012) ended at ` 5607.15 with a gain of +0.80% with formation of a Long White Candle & Bullish Engulfing Pattern on Daily Price Chart. As per Our NNI-Nifty Next Indicator, which has gained by +80% in today’s Trading Sessions, suggests that Nifty Will Trade with Positive Bias on Tomorrow i.e. 22 Feb 2012.On Technical Price Chart, Major momentum indicators are also Bullish like MFI etc. Nifty has now Strong Resistance at ` 5735.85 in Short- Term.
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 Ami Broker Charting Software    ( V-5.50 rc2 )  & Ami Tool-Power Scan.

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