Thursday, June 9, 2011

NIFTY NEXT- Nifty EOD 09 June 2011 Technical Analysis & OutLook For 10 June 2011

Nifty-Spot today(09June2011) ended at 5519.15 with a minor fall of -0.20% with formation of a Small Black Candle on Daily price chart. VIX  closes flat at 18.58. PCR-Vol   has increased by +1.09% to the level of 0.93. On Technical Chart, Major Indicators are in still fighting to come out from bears clutch. Buyer-Seller-Force is in negative zone.  As per our NNI-Nifty Next Indicator, which declined by -166.50% to the level of -0.60% along with Traders’ Hope, suggest that Nifty will Trade with Negative note or We may see Sell-Off from Higher levels on 10 June 2011. NIFTY  has now strong support & RESISTANCE  at 5483/5546 on 110 June 2011. SBI will be best Stocks To Buy  and Trade on 10 June 2011.

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