Saturday, March 3, 2012

NIFTY NEXT- Nifty EOD 02 March 2012 Technical Analysis & Out Look For 05 March 2012


Nifty-Spot today (02 March 2012) ended at 5359.35 with a gain of +0.40% with formation of a Small Black Candle on Daily Price Chart. On Technical Chart, ADX is cooling –off from its higher levels along with Trend Score, while Nifty Trend is fighting for a Up-Move. For a Up-move Nifty-Spot must Trade above 5374.95 in short term for a Target of 5581.05. Nifty –Spot has now Strong Support at 5168.90, if the Down Trend Persists.
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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