Wednesday, January 18, 2012

NIFTY NEXT- Nifty EOD 18 Jan 2012 Technical Analysis & Out Look For 19 Jan 2012

Nifty-Spot today(18 Jan 2012) ended at `4955.80 with a fall of -0.20% with formation of a Black Candle on Daily Price Chart.It has made days’ High at ` 4980 and Low at ` 4931.05. As per our NNI-Nifty Next Indicators, which seen decline in today’s Trading session, suggests that Nifty will Trade with Negative Bias on Tomorrow (19Jan2012) .On Daily Price chart, Major momentum indicators are also looking overbought. Trend Score has turned RED also, indicating Bearness.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at , 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 . We are Using Ami Broker Charting Software ( V-5.50 rc2 )  & Ami Tool-Power Scan.
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