Monday, January 23, 2012

NIFTY NEXT- Nifty Trading Range for 23 Jan 2012

Nifty-Spot today (23 Jan 2012) will Trade with Negative Bias within the Range of `5041-4988. As per Our NNI-Nifty Next Indicators, which Declined by almost -130% on 20 Jan 2012,is now Trading at -2%, indicates that Nifty Will See Selling at Higher levels without any Recovery from lower levels.  AS  per Technical Price Chart, Major Momentum indicators i e. Trend Score & BSF has turned into Bearish Mood. Nifty Will See a Trend Reversal in Short Terms. `4916 is Strong Level for Nifty to Slide Down. 

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