Thursday, November 18, 2010

NIFTY NEXT-Nifty EOD 18 Nov 2010 Technicals


Nifty-spot today Ended at 5998.80 with a modest gain of +0.2% after  hiting a Day’s Low at 5906.75.It kills both Bulls and Bears today with its Huge volatility.All Major TechnicalIndicators are yet to give Positive Signals. A per our NNI-NiftyNext Indicators which  gained by Huge +574% in today’s Trading session is now Trading at +29% along with increase in Volume , suggest a Trend Reversal at lower end. 5900 is Strong Support while 6175 will act as a Strong Resistance.Big Index based Stocks ie Relaicne, SBI, Tata Grops will be Positive in Coming Trading days.

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