Thursday, June 16, 2011

NIFTY NEXT- Nifty EOD 16 June 2011 Technical Analysis & OutLook For 17 June 2011

Nifty-Spot today (16 June 2011) ended at 5396.75 with a Huge Fall of -50.75 Points(-0.93%) on the Day of RBI ups repo, reverse repo rates by 25 bps each. It has formed  Dozi pattern on 15 Mins Technical Chart and Broken the Support level  5404.Major Momentum Indicators are in Bearish zone. Vix has increased by +2.72% to the level of 19.66. 5112.80 is now the Strong Support for Nifty in Mid-Term.  
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