Tuesday, May 3, 2011

NIFTY NEXT- Nifty EOD 03 May 2011 Technical Analysis & OutLook For 04 May 2011

Nifty-EOD Chart
                                                            Nifty-Spot 15 min Charts

Nifty –Spot today(03 May 2011) reacted negatively to RBI Mid Term Review Policy  and ended at 5565.25 with a huge decline of -2.4%. It has formed a Long Black candle on Daily Price chats.Nifty has now closed below its 100 DMA of 5692.90, marking a bearish note. It has also broken its mid-term level of 5629.Major Momentum Indicators, Spearman  & Swing 350 are trading in Red Zone. PIR Daily is Trading much below its weekly Value. RSI-14 is also Trading below its EMARSI-9. On 15 Mins Intraday Chart, it is showing some strength for tomorrow (04 May 2011) Bounch-Back. Our Intraday Picks Titan (Sell ) hammered well by bears on 03 May 2011.

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.


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.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.

Blog Archive