Nifty-Spot today(09 May 2012) will Trade with Flat to Negative or Positive to Negative Note within the Range of` 5001-4968. As per Our NNI-Nifty Next Indicator, which has declined in Last Trading Session by Huge Amount, suggests the Same Bearishness for Nifty Index. On Technical Price Chart, Major Momentum Indicators are looking Bearish and are in SELL Zone. As per Liner Exploration, Nifty may See The Fall upto` 4885 in Short-Term. On Intraday Basis `5001-4968, levels are very crucial in nature for Trend Deciding.
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 Ami Broker Charting Software ( V-5.51 ) ,Pattern Explorer & Ami Tool-Power Scan.
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