Thursday, May 24, 2012

NIFTY NEXT- Nifty Trading Range for 24 May 2012


Nifty-Spot today will Trade with Positive to Flat or Negative Note within the Range of `4861-4816. As per Our NNI-Nifty Next Indicators, which has Declined in Last Trading Session on 23 May 2012, suggests that Nifty will Find hard to sustain at its higher levels and May Slide from these Higher levels of `4859/4861 and may find Support around 4816 on Intraday Basis on 245 May 2012. On Technical Price Chart, Nifty is Still Trading Below its 200DMA, making its Bearish and Major Momentum Indicators are also looking Bearish in Nature. `4816 & 4861 are very crucial for Nifty on 24 May 2012.

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