Friday, July 1, 2011

NIFTY NEXT- Nifty EOD 01 July 2011 Technical Analysis & OutLook For 04 July 2011


Nifty-Spot today (01 July 2011) ended at 5627.20 with a fall of -0.40% and it has formed a Long Black Candle. Nifty is Still In Rising Sun Pattern (Bullish Phase). VIX has declined by -1.1% to the level of 18.21. On Technical Price Chart, Major Momentum indicators are in Bullish Zone. Buyer-Seller Force Index and  Schaff Trend Cycle indicator are rising Upward. PCR-Vol has increased by + 34.44% to 1.20 level. As Per our NNI-Nifty Next Indicators, which gained by + 48.70% along with increase in Traders Hope for Trade in Bullish Trend, suggests that Nifty will Trade with Positive Bias on 04 July 2011. If Nifty-spot Trade and ends above 5636.15 on Monday 04 July 2011, then this UpTrend will be Intact. Reliance is good on Technical Chart.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .

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 @ http://bankniftynext.blogspot.com
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1 comment:

  1. Hi,Seems like it's a nice blog. So let us also add something useful in it. Trading in volatile market can be very fruitful also if we follow technical levels closely. It's a common saying that stock market can change fortune in either way. But now the question is how to earn money from the Indian stock market. Traders are advised to strictly follow technical analyses and investors can follow fundamental analysis. Many analysts say it's not wise to follow technical and fundamental analysis together. But we say what the problem is if one does so? As more knowledge will add up things will not have any negative impact.

    Regards:

    Nifty Option Tips

    ReplyDelete

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.

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