Nifty-Spot Today(17 May 2012) will Trade with Flat to Negative Note within the Range of 4871-4834.As per Our NNI-Nifty Next Indicator, which has Declined in Last Trading Sessions also suggest the Same Bearishness for the Index. On Technical Price Chart, Major Momentum Indicators are in Bearish Zone. If Nifty-Spot Today(17 May2012) closes below 5844.95 levels, then Index Will Slide Further to Lower Levels of 4738/4508 in Short Term.
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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