Wednesday, May 23, 2012

NIFTY NEXT- Nifty Trading Range for 23 May 2012


Nifty-Spot today(23 May2012) will Trade with Flat to Negative  note within the Range of 4948-4822. As per our NNI-Nifty Next Indicator, which has declined in last Trading Session on 22 May 2012, also suggests the Same Trading Bias, that is Nifty Will find Strong Resistance at Higher levels and will See Selling at these Higher levels of 4850. As per Technical Price Chart, Major Momentum indicators are looking Bearish. As per  Regression Line concept, Nifty will Goes into a Bearish Phase if it Closes below 4822.
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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