Monday, April 7, 2014

NIFTY NEXT- Nifty Trading Range for 07 April 2014 with Price Target

Nifty-Spot Today (07 April 2014) will Trade with Flat to Negative & Negative to Positive with a Bounce Back from its lower levels within the Range of `6672-6723.As per Our NNI-Nifty Next Indicator, which has gained by +65.00% in last Trading along with a Fall in Trading Volume , Confirms that Nifty will Bounce-Back from its lower levels in Today’s Trading session and Buying will Emerge out at Lower Levels.  After  F &O Data Mining, We Find that Nifty –Cash has strong support at `6672 and Resistance at `6723 on Intraday Basis. Major Momentum indicators are in Over-Bought Zone. Nifty –Fut  levels to be Watched `6722 at lower side and `6773 at Upper side. Intraday Stocks Picks are SBI,RANBAXY,ICICI BANK,DLF,AXIS BANK,HDIL,TCS UNITECH.
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 Ami Broker Charting Software    ( V-5.51 ) ,Pattern Explorer & Ami Tool-Power Scan.

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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. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
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