Friday, June 3, 2011

NIFTY NEXT- Nifty EOD 03 June 2011 Technical Analysis & OutLook For 06 June 2011

Nifty-Spot today(03June2011) ended  at 5516.75 with a huge fall of -0.60% after sliding from its Higher level of  5604.90, with formation of a Bearish Engulfing Candle/ Tweezer Top- Pattern reversal on Daily Price chart. VIX has declined by -2.1% to the level of 17.61 along with PCR-Vol  by -21.585, with Bearish sentiments for Next Trading Session. On Technical Price Chart. Major momentum indicators are moving Southward direction favouring Bears.As per Our NNI-Nifty Next Indicators, which declined by 13% to the level of +1.65% suggests that Nifty will Trade with Negative Zone on 06 June 2011. LT & Sun TV will be Traders’ Pick on 06 June 2011.  
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