Monday, May 7, 2012

NIFTY NEXT- Nifty Trading Range for 07 May 2012


Nifty-Spot today(07 May 2012) will Trade with Positive to Flat/Negative note within the Range of 5064-5128. As per our NNI-Nifty Next Indicators, which has gained marginally suggests that Nifty  has lost its Steam for upper movement now.It is now Trading below its 200DMA of 5157.71. As per Technical Price Chart, Major Momentum Indicators are in Bearish Zone. It Nifty Closes/Breaks the level of 5064, then  Index will slide to 4892.96. Bullish will be there only When Nifty Trades above 5128.
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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