Friday, January 4, 2013

NIFTY NEXT- Nifty Trading Range for 04 Jan 2013 with Price Target


Nifty-Spot today (04 Jan 2013) will Trade with Negative Note within the Range of` 5972-6038.As per Our NNI-Nifty Next Indicators, which has Declined in the Last Trading Session of 2013 by above -24% suggests that Negative Movement for Index. As per Daily Price Chart, Major Momentum Indicators are in Bearish Mode. It has formed a Bearish Hanging Man on Daily Price Chart. After Mining the F&O Data, the Overall Trend is Still Intact and in Bullish Mode. If Nifty-Spot Holds the level of `5960, then these Up-Trend will continue in coming days. OIL & Power Sector is showing Strength on Charts. Accumulation of Front Line Stocks in these Sectors is recommended for Short Term.

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