Nifty-Spot today(19 April 2012)will Trade with Flat to Negative note within the Range of `5280-5325. As per Technical Price Chart, major momentum indicators are now in bearish mood. Nifty-Spot will find strong Resistance at`5325 and Support at `5280. Both the levels are very crucial in nature and Trend decider. For Nifty-Fut, `5312/5347/5360/5374/5387/5401 are levels to watch for upper side.Trading Below `5312 will be start of a Bearish Session.
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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