NIFTY NEXT- Nifty Trading Range for 17 May 2012

Nifty-Spot Today(17 May 2012) will Trade with Flat to Negative Note within the Range of 4871-4834.As per Our NNI-Nifty Next Indicator, which has Declined in Last Trading Sessions also suggest the Same Bearishness for the Index. On Technical Price Chart, Major Momentum Indicators are in Bearish Zone. If Nifty-Spot Today(17 May2012) closes below 5844.95 levels, then Index Will Slide Further to Lower Levels of 4738/4508 in Short Term.

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.

Call NiftyNext # +91 80171 98633 Or SMS NiftyNext @ 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

HINDALCO-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook,Hot Stocks/Picks

HINDALCO  Closes  at  `110.30  with a Fall   of -3.50% on 16 May 2012 with formation of  a Black Candle on Daily  Price Chart .Technically, HINDALCO is looking Weak on Charts. It is now Trading Below Its 200DMA. Schaff Trend Cycle is also Negative. Major Momentum Indicators are also Bearish. It has also Broken the Downside of Linear Regression  Line, Making it Short/Mid Term Bearish.

We Recommend to SELL: HINDALCO at CMP

Target : `104.67/100

Stop: Loss :`115.53

Time Frame: 5-20 Trading Days
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 at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 begin_of_the_skype_highlighting            +91 80171 98633      end_of_the_skype_highlighting Or SMS at +91 880 2230 836/ 8927670565.

RELINFRA-A MultiBagger,Buy/Sell/Hold,Growth Pospects and Recomendation,News and Results,Target Price and Analysis,Views and Outlook,Hot Stocks/Picks

RELINFRA Closes  at  `452.05   with a Fall   of -3.60% on 16 May 2012 with formation of  a Black Candle on Daily  Price Chart .Technically, RELINFRA is looking Weak on Charts. It is now Trading Below Its 200DMA. Schaff Trend Cycle is also Negative. Major Momentum Indicators are also Bearish. It has also Broken the Downside of Linear Regression  Line, Making it Short/Mid Term Bearish.

We Recommend to SELL: RELINFRA at CMP

Target : `425.43/416.09

Stop: Loss :`453.45

Time Frame: 5-20 Trading Days
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 at M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks(Trades at NSE) & In-Depth Analysis of Indian Equity Market,Major World Indicies,Bonds,ETFs. We use Ami Broker Charting Software (V-5.50),Pattern Explorer & AmiTools-Power Scan(V-1.3.6).You can reach the Chartist here mail@niftynext.com Or Over Phone at +91 80171 98633 begin_of_the_skype_highlighting            +91 80171 98633      end_of_the_skype_highlighting Or SMS at +91 880 2230 836/ 8927670565.