Thursday, July 21, 2011

NIFTY NEXT- Nifty Trading Range for 21 July 2011


Nifty-Spot today (21 July 2011) may Trade with Huge volatility within the Range of 5521-5570 with Negative Bias. VIX is now Trading at 19.11. On Technical Price Chart, major momentum indicators are looking week. As per our NNI-Nifty Next Indicator, which declined by -74% in last trading session on 20 July 2011 along with increase in Volume and PCR_Volume, suggests that Nifty will Trade with Negative Bias or It may See Selling from its higher levels with out any Hope for Recovery. 5604 is the Strong Resistance for Bulls and 5521 will act as a Strong Support, closing below this level will mark the Bears Entry for 5350. SBI is looking good on Charts for $ 2700 Target within 30 Days Trading session.
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. You can reach the Chartist here mail@niftynext.com . We are Using AmiBroker Charting Software(V-5.40), Pattern Explorer & AmiTool-PowerScan.
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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