NIFTY NEXT- Nifty EOD 22 Sep 2010 Technical Analysis ( Bullish On 23 Sep2010)

Nifty Today (22 Sep 2010) closes at 5991 with a decline of -0.30% after hiting the low of 5946.45.It also forms a Bearish Harami on Daily Price Chart, leaving us direction less.But as Per our NNI-Nifty Next Indicators analysis,which turns Postive by +380% closes at +8.50% with  decline in Open-Interest and Increase in Volume, indicates a Postive Trading Session for Next Trading session. Major Momentum Indicators ie PPE,ECO &UCI  are Still positive on Daily price charts. Let’s the Nifty To Trade and Hold the LEvelof 6001 .

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FII data updates for 22 Sep 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 22/09/2010 6431.90 3119.40 3312.50 1076.40 708.00 368.40 21/09/2010 4547.50 2668.90 1878.60 1739.40 1095.80 643.60 20/09/2010 5387.00 3671.20 1715.80 807.70 383.40 424.30 17/09/2010 3506.60 2363.00 1143.60 1679.30 945.20 734.10 16/09/2010 4959.00 2598.90 2360.10 387.90 278.30 109.60 15/09/2010 4098.00 2374.70 1723.30 604.50 304.60 299.90 14/09/2010 4592.20 1955.90 2636.30 466.70 363.40 103.30 13/09/2010 2626.00 1449.50 1176.50 375.60 20.60 355.00

NIFTY NEXT-Nifty Trading Range on 22 Sep 2010

Nifty Today(22 Sep 2010) may Trade with Flat note today within the Range of 5979-6070 with much more volatility expected. As Per NNI-Nifty Next Indicators analysis which is at +1.80%, declined by almost -80.0% indicates a Flat to Positive note. 5979 is strong Support for Nifty. IF it breaks then We may see the level of 5919.The Trend is up. Avoid Carrying shorts , till NNI is positive. Bouch-Back  is Possible from Lower Price Level.

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