Monday, May 28, 2012

NIFTY NEXT- Nifty Trading Range for 28 May 2012


Nifty-Spot today ( 28 May 2012) will Trade with Positive to Flat/Negative and then it will Try to Bounce-Back From its lower levels and it will Trade within the Range of 4930-4879.Nifty-Spot will find Huge Resistance at its 15DMA (4926.53).As per Our NNI-Nifty Next Indicators, which has also declined in Last Trading Sessions, also Suggests the Same Pattern for Nifty-Spot. On Technical Price Chart, Major Momentum Indicators are Started Gaining Momentum .If Index closes above 4937, then a Bullish Trend will Start for Short Term. Banking Stocks will be Today(28 May 2012) Traders’ Picks.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , 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 mail@niftynext.com . We are Using Ami Broker Charting Software    ( V-5.51 ) ,Pattern Explorer & Ami Tool-Power Scan.

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