NIFTY NEXT- NIFTY Target For 2012


Nifty-Spot ended at 4624.30 on 30 Dec the Last  Trading session of 2011 with a fall of -1.70% with formation of a Black Candle. Nifty  lost its value by -24.60% in 2011.
On Yearly Price Chart, Nifty is looking Bearish. All major momentum indicators are in Over-Bought Zone.6357 is Strong Resistance for Nifty on Year-Of-Year Basis, while 2950 is the strong Support .
On monthly price chart, Nifty seems to find a support around 4208 and has strong Resistance at 5307 in next few months. Major Momentum indicators are also trying to come-out from Bearish zone.
On Daily price Chart, Nifty is now Trading below its 15DMA(4745).Major Momentum are  showing weakness. If Nifty  Trades below 4603, then Indian Index will slide to 4355.Nifty has now Strong Resistance at 4851.
What Our Sr.Chartist Says about Nifty for 2012- Nifty-Spot is under Bears Grip now.We expect the Nifty will touch the mark of 3550 and subsequently move to higher levels of 6350.This will pave the way for 7992.63 in next Bull-Move.

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NIFTY NEXT- Indian Rupee Technical Price Chart


Indian Rupee is now Trading at  ` 53.0773 against US Dollar on 30 Dec 2011. As per Technical Price Chart. Indian Rupee has now Strong Support at 51.5302 and Resistance at 54.1173 in the New Year 2011 Trading Days.

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NIFTY NEXT- Nifty Div. Yield Monthly Technical Price Chart


Nifty  Div. Yield is now  trading at 1.63 on 30 Dec 2011, making it Best Buying Opportunity at the corner.

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NIFTY NEXT- Nifty PB is Now Trading at 2.76


Nifty is now Trading at Price to Book Value at 2.76 on 30 Dec 2011. 

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NIFTY NEXT-Nifty PE Yearly Chart 2011

Nifty PE is now at 16.75 at the Close of 2011.It has made Yearly High of 24.57 and Low at 16.46.As per Valuation, Nifty is expected to Bounce From these levels  to upper side. Otherwise it may fall to the level of 12 in 2012, Pulling the Nifty Sub-3000 levels
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Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.M/S Durgapur Holdings & www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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