Sunday, May 29, 2011

Nifty Next- Nifty Below 5000 is expected !


Nifty-spot has been finding Very Hard to Cross-over its Life-Long Highs 2 times in recent past of 6357/6181 and it slides from these levels to lower one. After Evaluating the FNO Data from World Wide, We find that Nifty-Fut  has been a Strong Support level of 5020 By next Expiry ,mainly July Series.
On Technical Chart ,Nifty is forming lower low on Monthly Price Chat. We are Expecting a Trend Reversal in Favour of Bears in Coming days till 4950/4825.This Bear Phase may be Short Live of 6/8 Months .  
We Will Publish More on this Nifty-5000 in  Next Few Days.Please Visit us. 

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