Friday, February 4, 2011

NIFTY NEXT-Nifty EOD 04 FEB 2011 Technical Analysis & Nifty Views for 07 Feb 2011

Nifty-Spot today ended below our Support level of 5400 to 5395.75 with a steep falloff -2.4%, in line with our analysis that selling will be seen from higher levels today. It has formed a Long Black Candle on daily price chart. SPEARMAN INDICATOR has just given Positive signal on daily charts. As Volatility Skew of Nifty Options, Puts are increasing while Calls are declining for Feb 2011 series. It indicates that Nifty may find Support around 5300 levels.5400CE & 5200 PE has seen huge Traders ’interest  today. As per our NNI-Nifty Next Indicators which declined by huge -180%, is now first time (In 2011) is Trading in negative level at – 3.0%, along with increase in volume & Traders’ Interest.NNI suggest that Nifty will trade  with Negative bias on 07 Feb 2011. Tata Steel is looking Positive for 07 Feb 2011. 

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @

No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.


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. does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.

Blog Archive