Thursday, October 28, 2010

NIFTY NEXT- TOP 6 INTRADAY STOCKS FOR 29 OCT 2010

STOCKS/SCRIPS™ WWWW.NIFTYNEXT.COM
TRENDS
AREVA

RELIANCE

TATASTEEL

IDBI

ICICI BANK

SBI








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NIFTY NEXT-Nifty EOD 28 Oct2010 Technical Analysis(Short Covering Tomorrow)

Nifty-Spot today(28Oct2010) ended at 5987.20 with a decline of -0.4%. It traded mostly in positive zone but  in last Hour seen huge selling.Niftyhas formed a Black Candle onDaily price chart.All Major Indicators are In Sell Zone.Our NNI-Nifty Next Indicator which gained by +219%,is now trading at +17%, with increase in volume and decline in Open Interest.Nifty-Fut has seen huge short-covering.NNI is suggesting a Nifty Level 6039 on tomorrow(29 Oct2010).
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NIFTY NEXT-NIFTY Trading Range for 28 Oct 2010(Gap Filling Today)


Nifty-Spot today(28 Oct2010) may trade with volatility within the Range of 5983-6038 due to expiry .All Major Technical Indicators are now in Sell-Zone. As Per NNI-Nifty Next Indicators which gains by +92.0% is now Trading at +151% along with Huge Increase in Open-Interest & Volume Suggest that Today We may See A Sudden Gap-Fill Up or Gap-Up opening. We suggest the Trades that Don’t Carry Shorts in Bags. Index is in correction phase for Only Ultra-Short Term, say 7 Days only. It has strong support at 5960/5830 while Resistance is at 6150.We are still maintain the Nifty Target at upper band 6340

Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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