Thursday, April 19, 2012

NIFTY NEXT- Nifty EOD 19 April 2012 Technical Analysis & Out Look For 20 April 2012


Nifty-Spot today(19 April 2012) ended at `5332.40 with a gain of +0.60% with formation of a Bearish Hanging Man Candle pattern on Daily Price Chart.Manjor Momentum Indicators ie. W%R ,BSF & MACD are weak in Technical Chart. As per Our NNI-Nifty Next Indicators, which gained by +19%  suggests that Nifty will Trade with Positive note on 20 April 2012 and may See Selling from Higher levels. Nifty may Slide from `5350 on 20 April 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 Ami Broker Charting Software    ( V-5.50 rc2 )  & Ami Tool-Power Scan.

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