Monday, May 2, 2011

NIFTY NEXT- Nifty EOD 02 May 2011 Technical Analysis & OutLook For 03 May 2011

Nifty-Spot today ended at 5701.30 with a fall of -0.8% as per our morning analysis with formation of a Long Black Candle on Daily price chart. VS of Nifty options are suggesting ,Nifty-Fut Trading Range 5300-5800 for the June 2011 Expiry.  On Technical Price Chart, Nifty is in Bearish Zone. Major Momentum Indicators are in Sell-Zone. Swing 350 is trading in Red Zone. PIR daily has given negative crossover to weekly value. As per Our Leading Momentum Indicator, NNI-Nifty next Indicators, which increased in today’s Trading session(02 May 2011), suggests that Nifty will Trade with Positive Momentum on 03 May 2011 or A Bounch-Back is possible from its lower levels. Nifty-Spot has now Strong support at 5636 and Resistance at 5743/5790 in short-term.

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