Wednesday, August 25, 2010
NIFTY NEXT- NIFTY TRADING RANGE FOR 25 AUG 2010
Nifty Today(25Aug2010) may trade with Negative to Postive Note within the Range of 5480-5520.Our NNI-Nifty Next Indicators has gained almost +200% from -14% to now at +17%, indicates a Bounch-Back From lower level of Nifty.Entering into a Long Position for Target of 5550 will be a Profitable Trade with Strict Stop-Loss at 5505.
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Tuesday, August 24, 2010
NIFTY NEXT- CNX IT INDEX ON FOR 25 AUG 2010
CNX IT-1M Today (24aug2010) closes at 6127.90 with a slide of -0.60%. It finds support at its 50DMA of 6074 in today's trading.It forms a White Opening Marubozu Candle on Daily Charts.UCI - Universal Cycle Index for CNXIT-1M has given a postive cross-over today.Going Long for Target of 6157/6205 with Strict Stop-Loss at 6109 will be a Profitable Trade .
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NIFTY NEXT- NIFTY EOD 24 AUG 2010 TECHNICAL ANALYSIS
Nifty Today(24Aug2010) closes at 5505.10 with downmove by -0.70%.It closes above its 20dma at 5453 with formation of a Long Black Cnadle on Daily Technical Charts.Our NNI-Nifty Next Indicators today Turns Postive by almost +200 % and it is Now at +15 level ,indciates a Postive Trading Session for Nifty on Next Trading Sessions.On Daily charts MACD turns Negative while PPE is still in Positive and Our Nifty Next Trend Finder Index is in Postive zone.Nifty Futures traded with 323Lac Open Interest.
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