Tuesday, May 10, 2011

NIFTY NEXT- Nifty EOD 10 May 2011 Technical Analysis & OutLook For 11 May 2011

Nifty-Spot today ended at 5541.25 with a marginal fall of -0.20% with  formation of a Small Black Candle on Daily Price Chart. VS of Nifty-Options are suggesting a Strong Support for nifty at 5500 and it is heading for 6000 by June 2011 Expiry. PCR-Vol has increased by +13.11%  along with VIX.VIX has increased to 21.74 levels. On Technical  Charts, Nifty is forming a Strong Base for New Highs  by Sep –Oct2011.As per Our NNI-Nifty next indicators, which declined by -35.90%, suggests that Nifty Will Trade with Flattish Note on 11 May 2011.  
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