Saturday, August 21, 2010

NIFTY NEXT- NSEIT INDEX ON NEXT WEEK 23-27 AUG 2010

NSE IT Index Closes at 6128.60 on Last Trading session(20Aug2010), down by -0.90%.It closes below its 20DMA level 6162, showing  weakness for IT Sectors.On Technical Chart MACD is showing weakness on (EOD Charts). It has Strong Support @ 6057/5750 level. The Polarized Fractial Efficiency  turns Negative along with another Short-Term Trend Reversal Indicators-Universal Cycle Index, applicable for 5-14 Days.The Nifty Next Indicator is also showing Weakness in Daily Charts.Going Short in NSE IT index for Target of  5994/5933 with Stopl-Loss at 6151/6218.Index Based IT Stocks Are also showing Weakness on daily Charts.
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Friday, August 20, 2010

NIFTY NEXT- BANK NIFTY ON NEXT WEEK 23-27 AUG 2010



Bank Nifty Closes at 11.033.80 DOWN BY 0.70% ON 20Aug2010.It closes above its 20DMA ,50DMA & 200DMA AT 10502,10015,9341 Respectively with a Bearish Harami Candle formation on Daily Charts.
The Nifty Next Trend Finder for BankNifty is getting exhausted and it starts showing weakness on Daily Charts.We may Go Short for Target of 10945 and 10847 with strong Rersistance at 11130/11196 for  the
Coming Week. 

Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com
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NIFTY NEXT-VIX Index Analysis 20Aug 2010



Indian Nse- VIX today (20Aug2010) closes at 16.70% with an increase of +1.0%.It is now hovering at its lowest levels making the level playing field of Nifty to Move up to higher levels in the Coming Days.Geneally when the VIX persists at its lower level, Nifty tends to Move to Higer levels.The FII figure is also in favour of Bulls with the Net Buying of  INR 2655.20Cr on 20Aug 2010.



Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com
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