NIFTY NEXT- Nifty EOD 19 April 2011 Technical Analysis & OutLook For 20 April 2011

Nifty-Spot Today (19 April 2011) bounced back from its lower level 5693.25 as per our  morning Calls and closed at 5740.75 with a gain of +0.2% with formation of a white candle on daily price chart. As per VS of Nifty Options, Nifty finds support at 5700 and may move upper side 6200 in next 2 months. On Technical Charts, all major momentum indicators are now  showing Strength. Trading & Closing above 5766 on 20 April will mark a Bullish Trend Starting.

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FII Data Updates for 19 April 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 19/04/2011 2550.90 3341.50 -790.60 2196.00 1858.70 337.30 18/04/2011 3436.40 3252.00 184.40 1655.90 1310.90 345.00 15/04/2011 3313.50 3110.30 203.20 2102.30 1585.50 516.80 13/04/2011 2021.50 2496.10 -474.60 1872.70 870.20 1002.50 11/04/2011 2682.80 2326.00 356.80 2396.90 683.20 1713.70 08/04/2011 2687.90 2304.60 383.30 1734.00 2604.30 -870.30 07/04/2011 2983.70 2267.50 716.20 826.20 2950.90 -2124.70 06/04/2011 4917.90 3355.10 1562.80 1334.20 1033.30 300.90 05/04/2011 9929.90 5842.60 4087.30 295.20 541.90 -246.70 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 Trading Range for 19 April 2011

Nifty-Spot today(19 April 2011) may Trade with huge volatility within the Range of 5668-5730 with Negative to Flat or Negative to Positive Note. As per VS of Nifty-Options, 5700 will be strong support for Nifty-Fut. On Technical Charts, Nifty is in weak Zone. Major Momentum Indicators are in bearish mood. As per Our NNI-Nifty Next Indicators, which failed marginally  on 18 April 2011 by -5% along with  increase in Volume, suggests that Nifty  May find String Support around 5680 levels or Bounch-Back is possible from its lower levels. Breaking 5632  will lead to a Blood-Bath and long term reversal for Nifty.

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