Nifty-Spot today (7 Dec 2011) will Trade with Flat to Negative Bias within the Range of 4994-5050. As per our NNI-Nifty Next Indicator, hich declined by almost -2.50%, also suggests the above. n Technical Daily Price Chart, Nifty has formed a Bearish Harami Candle. anjor Momentum Indicators are also fighting for Breath. Closing above 5047 is must for Bulls and Below 4994, we m a y see a Short Term Bearishness.
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-5.46) & AmiTool-PowerScan.
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