Tuesday, June 14, 2011

NIFTY NEXT- Nifty EOD 14 June 2011 Technical Analysis & OutLook For 15 June 2011


Nifty-Spot today(14 June 2011) Traded well as per our Morning Note and ended at 5500.50 with marginal gain of +0.3%. It has formed a Bullish Morning Candle on Daily Price Chart. VIX has declined by -2.12% to  18.51 along with fall in PCR-Vol by  -5.26%. On Technical  Price Chart, major momentum indicators are showing Strength. TAIO, Buyer-Seller Fore & W% R are moving upward. As per Our NNI-Nifty next Indicators, which gained by  +3.20% along with Fall in Volume, suggests that Nifty may See Selling/cooling From its higher levels on Next Trading session ie 15 June 2011. Tata Steel will be Best Pick for Intraday on 15 June 2011. 

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