Nifty-Spot Today(18 Sep 2012) will Trade with Flat to Negative & then Negative to Flat/Positive Note within the Range of `5590-5641.As per Our NNI-Nifty Next Indicators which has Gained in Last Trading Sessions is now Trading at 4.40, also suggests the Same Bounce-Back From Its lower levels. VIX has increased to 17.78, is a matter of concern. As Per Technical Price Chart, Nifty –Spot is now Trading at Over-Bought Zone. Major Momentum indicators are on the verge of SELL-OFF. Accumulation may be avoided will be the Best Trading Strategy For Today. Banking /Motor-Vehicle Stocks are Looking Good on the Daily Price Chart.
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-5.59 ) ,Pattern Explorer & Ami Tool-Power Scan.
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