Tuesday, May 18, 2010

NIFTY NEXT: NIFTY 5 MIN EOD TECHNICAL CHART ANALYSIS ( 18 MAY 2010)

NIFTY TODAY(18MAY2010) CLOSES @ 5066.20 IN RED. THE COST-OF-CARRY WAS -1.48% WITH DECLINE BY -11.11%  THE OPEN INTEREST WAS DECLINED BY -0.76% ALONG WITH VOLUME DECLINED BY -20.32%. 5000 CALL & 4800 PUT TODAY HEAVELY TRADED WILL ACT AS A BAND FOR NIFTY IN NEAR TERMS.L&T ,RELIANCE,TATA STEEL,SESA GOA & SBI WILL BE ABLE TO SEE THE MOST ACTION IN COMING DAYS WITH FLAT TO POSTIVE PRICE MOVEMENTS.L&T MAY SEE SOME PRICE DECLINE.
CALL NIFTYNEXT $ 880 2230 836 FOR PRICE ACTION & TARGET. 

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