NIFTY NEXT- Nifty EOD 03 Mar 2011 Technical Analysis

Nifty-Spot today traded well within our Trading range of 5471-5520 and closes at 5536.20 after making days’ High at 5570 and testing the low at 5568 with a gain of +0.3%. It has formed a White Candle on Daily Price Chart.   VIX has gained to 22.96. Avg. VI of Calls & Puts are seen rising today. As per VS of Nifty  -Options , 5500 will acts as a strong support and 5800 as a Strong Resistance. Technically, Nifty  is in Up-Trend, as all major momentum indicators ie. MACD, RSI, Fisherman Index & Spearman are rising on daily price chart. As per Our NNI-Nifty Next Indicators , which declined today with  increase in volume, suggests that Nifty will slide from higher levels of 5604.

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FII Data Updates for 03 Mar 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 03/03/2011 2906.30 2439.30 467.00 2413.20 669.20 1744.00 01/03/2011 3743.20 3812.50 -69.30 533.10 2229.60 -1696.50 28/02/2011 2826.80 3356.10 -529.30 1329.00 1354.10 -25.10 25/02/2011 3685.60 5935.50 -2249.90 344.90 598.30 -253.40 24/02/2011 3317.30 3330.40 -13.10 957.90 1254.30 -296.40 23/02/2011 2855.10 2762.60 92.50 661.80 752.90 -91.10 22/02/2011 2177.50 2216.20 -38.70 664.30 834.30 -170.00 21/02/2011 2845.70 2601.30 244.40 350.20 567.20 -217.00 Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT- Nifty EOD Hourly Charts Technical Analysis 03 March 2011

Nifty-Spot today ended at 5537.07 with  14.75 gains( +0.27%) with formation of White Candle on Daily Price Chart. It has closed above its 5 DMA of 5481 on 03Mar2011.VIX has increased to 22.96%. All Major Momentum indicators are now showing  strength on daily price charts. 5620 is next upper side Target for Nifty-Spot.

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com