Nifty-Spot today (13 April 2011) ended at 5911.50 with a huge gain of 2.2% with formation of a Long White Candle on Daily Price Chart.VIX declined by -3.9% to 20.41 level.PCR(OI) increased by +13.08 % to 1.47. As per VS Nifty-Options, now 5900 will act as a Strong support for 6400 levels by June 2011 Expiry. On Technical Chart, PIR Daily is yet to cross the Weekly levels ,indicates Bulls-Bears Fight is Strong at these levels. Major Momentum Indicators, BOP, Swing are in bullish Zone. As per Our NNI-Nifty Next Indicators, which gained by huge +64.50% on 13 April 2011 along with increase in Volume and Trader’s Positive Hope, suggests that Nifty will Trade with Positive Bias on 15 April 2011. Nifty-spot has now Strong Resistance at 5970.30/6117.50/6166.50 and Support at 5823 in short-term.
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