Monday, February 13, 2012

NIFTY NEXT- Nifty Trading Range for 13 Feb 2012


Nifty-Spot  today (13 Feb2012) may Trade Flat/Positive to Negative Note within the Range of `5387-5322.As per Our NNI-Nifty Next Indicators, which Declined by Huge -30% in Last Trading session, suggests that there will be Selling from Higher levels on 13 Feb 2012.On Technical; Chart, Nifty-Spot is looking over-bought. Major Momentum Indicators are also Bearish.  Nifty has now Strong Support at `5362, if It Breaks this level  then We may See Our Nifty at `5322 in Short Term. Avoiding Longs will be Advisable now Days.

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