Nifty-Spot Today (10 May 2012) will Trade with Positive Note within the Range of4985-5019. As per Our NNI-Nifty Next Indicator,which has gained in last Trading sessions, suggests that Nifty will Trade with Positive Note and May Find hard to Sustain at its Higher levels of 5028. As per Technical Price Chart, Major Momentum indicators are still in Over-Bought Zone. RSI,W%R & Heikin Ashi are Also Bearish Mood. Both the Levels are very Crucial in Nature for Trend Finder in Intraday Basis. Banking Stocks Will be Traders’ First Choise Today.
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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