Wednesday, May 23, 2012

NIFTY NEXT- Nifty EOD 23 May 2012 Technical Analysis & Out Look For 24 May 2012

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NIFTY NEXT- Nifty Trading Range for 23 May 2012


Nifty-Spot today(23 May2012) will Trade with Flat to Negative  note within the Range of 4948-4822. As per our NNI-Nifty Next Indicator, which has declined in last Trading Session on 22 May 2012, also suggests the Same Trading Bias, that is Nifty Will find Strong Resistance at Higher levels and will See Selling at these Higher levels of 4850. As per Technical Price Chart, Major Momentum indicators are looking Bearish. As per  Regression Line concept, Nifty will Goes into a Bearish Phase if it Closes below 4822.
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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AmiQuote 3.03 released on MAY 22, 2012


CHANGES FOR VERSION 3.03 (as compared to version 3.02)
  1. added “Max days” edit to control maximum intraday backfill length. Specifying lower than maximum allowed days results in faster download and less data to transfer. Google Intraday supports 1..15 max days for 1-minute bars and 1..60 max days for 5-minute bars. Yahoo Intraday supports only 1-day of 1-minute bars and only 1 and 5 days of 5-minute bars. Specifying other combinations (such as 2, 3 or 4 max days for 5-minute bars) for Yahoo results in retrieving all 5 days.
IMPORTANT:
AmiQuote is nothing but specialized web browser/downloader. You are using 3rd party web pages/services (Yahoo/MSN/Google/Finam) available to the public and AmiQuote acts like Internet Explorer or Firefox. The availability of data/web pages depends on those 3rd parties and may change in the future. The financial data downloaded from public web sites such as Yahoo Finance/MSN/Google/Finam are for personal use only. Consult 3rd parties’ Terms of Service for details. For actual trading we recommend using paid data sources that provide higher data quality and reliability.
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Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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