Thursday, May 3, 2012

NIFTY NEXT- Nifty Trading Range for 03 May 2012


Nifty-Spot today(03 May 2012) will Trade with Negative Note within the Range of 5201-5262. As per our NNI-Nifty Next Indicators, which  has declined in last Trading Session, suggests the above. On Technical Price Chart, Nifty-Spot is showing Weakness. Major  Momentum Indicators are also Bearish in Nature. Both the above levels are very crucial for index. If Nifty-Spot closes below 5201, then we are going for a Short-Term Bearish Phase, Closing above 5262 will Start a New Phase of Bullishness.
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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