Thursday, March 10, 2011

NIFTY NEXT- NIFTY EOD 10 March 2011 Technical Analysis & Out Look for 11 March 2011

Nifty-spot today ended at 5494.40 with a fall of -0.7% with formation of a Black Candle on Daily Price Chart. As per VS of Nifty-Options, Nifty has strong levels at 5500.On Technical Fronts, Spearman has shown weakness n daily price chart. As per Our NNI-Nifty Next Indicators, which gained in today’s Trading session by +1% is now trading at 3.25% with Increase in Traders’ Hope along with fall in Volume, suggest that Nifty may  Test 5468 levels on 11 March 2011, and Bounch-Back again to higher levels 5530. Chota-Reliance Group Stocks will be Negative on 11 March 2011.

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