Nifty-Spot today ( 14 July 2011) may Trade with Huge Caution Mood within the Range of 5575-5526 due to Mumbai /Bombay Serial Blast on 13 July 2011. On Technical Price Chart, Major momentum indicators are gaining Strength on Short-Term Basis. As per Our NNI-Nifty Next Indicators, which gained by 9.50%, suggests that Nifty will Trade with zig-zag Motions, and we may see the Shorts are covered at lower levels.
Editor’s Note : This Article is written by Vina S Singh, Senior Chartist at www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. You can reach the Chartist here mail@niftynext.com . We are Using AmiBroker Charting Software(V-5.40), Pattern Explorer & AmiTool-PowerScan.
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