Sunday, May 8, 2011

NIFTY NEXT- Nifty EOD 06 May 2011 Technical Analysis & OutLook For 09 May 2011


Nifty-Spot  ended  with a handsome gain of  + 1.70% to 5551.75 with formation of a Long White Candle on Daily Price Chart. PCR-Vol  is now at 0.80% without any change.  Major Momentum indicators are now turning to move upward. Centre of Gravity & Spearman has started moving North. Nifty-Spot has now Strong Resistance & Support at 5600 & 5501 for 09 May 2011.
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