NIFTY NEXT-Nifty Trading Range For 29 Sep2010

Nifty Today  (29 Sep2010) may trade within the range of 6015-6070 with Flat to Positive Note. Well Known Momentum  Indicators are in their overbought zone and indicating a Ultra-Short-Term Correction for 2-3 Days in near futures. Though the Short-Term is still intact in  Positive direction. As Per Our NNI-Nifty Next Indicator(Next Day Up/Down Forecaster Indicator) gained by +70.0% and it is now at +62.0%, along with Increase in Open-Interest and Volume suggest a Flat to Positiive Trading session Today(29 Sep2010).6015/6042 are the Important levels for Bear/Bulls today. T rading  above 6042 will take the Nifty 6077>6132 levels in coming days.

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NIFTY NEXT Top-6(Intraday Calls 29 Sep2010)

STOCKS/SCRIPS™ WWWW.NIFTYNEXT.COM	TRENDS
IDBI	POSITIVE
TATA STELL	POSITIVE
RELIANCE	POSITIVE
ICICI BANK	POSITIVE
DLF	POSITIVE
RENUKA	POSITIVE

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NIFTY NEXT-Nifty EOD 28 Sep2010 Technical Analysis ( Still Bullish on 29 Sep2010)

Nifty Today (28 Sep2010) closes at 6029.50 with a mild decline of -0.10% after hitting the day’s Low at 5991.30. It has formed  a Hammer on Daily Price Chart. UCI-Universal Cycle Index- A Trend reversal Indicator has given today negative crossover, while PPE, ECO are still in Positive zone. MACD has also given negative cross-over. Our NNI-Nifty Next Indicator today gained by +70.0%  with Increase in Open –Interest & Volume & NNI is now at +62.0%, indicates a Postive Trading Session for Nifty in Next Trading Day within the Range of 6015/6042 as Support and Resistance.
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