Monday, August 30, 2010

NIFTY NEXT- NIFTY EOD TECHNICAL ANALYSIS 30AUG 2010


Nifty today(30aug2010) closes at 5415.45 with marginal gain of +0.10%, with formation of a Small Black Candle on daily Price Chart.It finds support to its 50DMA at 5397 today and trading above its Mid-term Support Level of 5412.Our NNI-Nifty Next Indicators today turns Postive and it is at +2.35%, increased by +70%.The Major Technical Indicators PPE & Macd turns Postive while UCI-Universal Cycle INDEX IS still  down.  5600/5700Call & 5300Put has seen huge activity in today's Trading. Nifty may find support from this level and move Upward in coming days as FII are still Buying.
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NIFTY NEXT- NIFTY FUTURES 1MIN TECHNICAL CHART 30AUG 2010

 

NIFTY FUTURES HAS STRONG RESISTANCE @5416.IT HAS JUST FORMED A BEARISH GAP DOWN CANDLE PATTERN ON 1 MIN TECHNICAL CHART WITH OUR NNI-NIFTY NEXT INDICATORS @ +0.50%, INDICATES A FLAT ENDING FOR NIFTY TODAY.
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NIFTY NEXTG- BEST STOCKS TO TRADE INTRADAY 30 AUG 2010

RELAICNE,ICICI,TATA STEEL,SBI,TATA MOTORS WILL BE THE BEST STOCKS TO TRADE INTRADAY TODAY.
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