Friday, May 4, 2012

NIFTY NEXT- Nifty Trading Range for 04 May 2012

NIFTY-SPOT Today (04 May 2012) will Trade with Negative to Positive note within the Range of `5160-5195. As per Our NNI-Nifty Next Indicator, which has gained in last Trading Sessions, suggests that Nifty will See Sharp Recovery today ie on  4.5.2012 from its lower levels.On Tehnical Price Chart. Nifty is still looking Bearish. Major Momentum indicators are also Bearish in nature. Nifty has now Strong Support at `5164 and Resistance at `5209.6. Both the levels are very crucial in nature for Determining the Short Term Trend for Nifty-Spot. Banking Stocks will be the Picks for Todays’ Trading.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. You can reach the Chartist here . We are Using Ami Broker Charting Software    ( V-5.51 ) ,Pattern Explorer & Ami Tool-Power Scan.

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