NIFTY NEXT- Nifty EOD 10 May 2011 Technical Analysis & OutLook For 11 May 2011

Nifty-Spot today ended at 5541.25 with a marginal fall of -0.20% with  formation of a Small Black Candle on Daily Price Chart. VS of Nifty-Options are suggesting a Strong Support for nifty at 5500 and it is heading for 6000 by June 2011 Expiry. PCR-Vol has increased by +13.11%  along with VIX.VIX has increased to 21.74 levels. On Technical  Charts, Nifty is forming a Strong Base for New Highs  by Sep –Oct2011.As per Our NNI-Nifty next indicators, which declined by -35.90%, suggests that Nifty Will Trade with Flattish Note on 11 May 2011.  

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FII Data Updates for 10 May 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 10/05/2011 1935.90 1692.10 243.80 1224.80 654.50 570.30 09/05/2011 2613.60 2964.90 -351.30 423.10 377.90 45.20 06/05/2011 1990.80 2613.60 -622.80 2207.20 1601.40 605.80 05/05/2011 2449.00 3149.00 -700.00 1523.40 574.90 948.50 04/05/2011 2693.00 3944.80 -1251.80 1896.80 733.20 1163.60 03/05/2011 1875.30 1863.60 11.70 1402.30 983.70 418.60 02/05/2011 3239.70 3434.50 -194.80 717.30 1158.00 -440.70 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

SKS Microfinance Ltd 15 Mins Technical Charts 10 May 2011

SKSMICRO today surged 10% and ended at 298.60 after touching days’ Low at 262. It is now looking overbought on 15 mins technical Chart>major Momentum indicators are  showing weakness and indicates that it is only a Dead-Cat Bounch from its lower levels.We are still Bearish on this Scrips.

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