Nifty-Spot today will Trade with Gap-Up to Negative/Flat within the Range of 4983-4949 on 22 May 2012. As per Our NNI-Nifty Next Indicator, which has seen huge Fall in its Value, suggests that Nifty May Find Resistance at Higher levels and may see Selling at these Higher Points today. On Technical Price Chart, Nifty is Gaining Momentum for Higher Move and formation of Base is on. Trading with Caution is advisable at this point. Avoid Bull’s Trap Now.
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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