Wednesday, May 2, 2012

NIFTY NEXT- Nifty Trading Range for 02 May 2012


Nifty-Spot today(02 May 2012) will Trade with Positive to Flat/Negative note within the Range of  `5183-5264. As per our NNI-Nifty Next Indicator, which has declined by Huge -10.5% in last Trading sessions, suggests that  Nifty will Slide from its Higher levels. On Technical  Price Chart, Nifty is Just Started Trading above its 15 DMA of`5239.If Nifty-Spot holds the level of 5264 and Trades above this Crucial level, then We may See the Index at `5334 in Short Term, else we may Downslide to` 5183/5045.
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-5.51 ) ,Pattern Explorer & Ami Tool-Power Scan.

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