NIFTY NEXT-Nifty EOD 05 Oct 2010 Technical Analysis(Bulls Return)

Nifty today(05 Oct 2010) closes at 6145.80 with a decline of -0.20% after hitting Day’s High at 6188.35.It has formed a Bearish  Harami Candle Pattern on Daily Price Chart. The Vix   is now at 22.17 and it is now at comfortable level for Bulls. Nifty  is now trading at RSI(9)-78.58 & W%R -87 with most Momentum Indicators are in Over Bought Zone mainly Stochastic. MACD & UCO is in Positive zone and are supporting the BULLs Faith. Our NNI-Nifty Next Indicator today gained by +49.0% and it is now at +9.60% level with increase in Open Interest & Decline in Volume.NNI suggests a  Positive Trading Session for Tomorrow(06 Oct2010).If Nifty(Cash) hold and trades above 6176 level, then our Weekly Target 6317 will hit by 7 Oct2010.

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FII DATA UPDATES FOR 05 OCT 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 05/10/2010 4750.20 2831.30 1918.90 1562.30 689.80 872.50 04/10/2010 4564.50 2600.20 1964.30 860.30 577.90 282.40 01/10/2010 10917.80 6161.90 4755.90 647.40 2084.70 -1437.30 29/09/2010 3541.40 2646.60 894.80 6.90 980.70 -973.80 28/09/2010 3669.60 2362.50 1307.10 1230.10 795.60 434.50 27/09/2010 4286.40 2947.80 1338.60 2215.40 696.40 1519.00 24/09/2010 3043.60 2460.90 582.70 1442.90 669.70 773.20 23/09/2010 4630.40 3124.90 1505.50 1774.70 501.60 1273.10 22/09/2010 6431.90 3119.40 3312.50 1076.40 708.00 368.40 21/09/2010 4547.50 2668.90 1878.60 1739.40 1095.80 643.60 20/09/2010 5387.00 3671.20 1715.80 807.70 383.40 424.30 17/09/2010 3506.60 2363.00 1143.60 1679.30 945.20 734.10 Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT-Nifty Trading Range for 05 Oct2010

Nifty today (05 Oct2010) may Trade with Negative to Flat note within the Range of 6155-6220.As Per our NNI-Nifty Next Indicators analysis, which is declined by -11.20% to ends up at +6.45% in last Trading Session, suggest the same flattish Trading Mode in Nifty today. Today we may open in Red around 6170 Range and may see the Down-Covering in the 2^nd Half of   Trading. Our Weekly Target of Nifty 6317 is still intact. We don’t suggest to  carry our Shorts on BTST basis.

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