NIFTY NEXT-Nifty EOD Technical Analysis 06 Oct 2010

Nifty Today  ended at 6186.45 with a gain of +0.70% after hitting high of 6223.40. It has formed a White Candle on daily price chart. RSI (14) is now @ 79.05 in Extremely Over-Bought Zone. All major Momentum Indicators ie  . PPE, CMI & MACD are in Positive zone. ECO is set to give Positive Cross-over. Short & Mid-Term is moving upward on Daily price chart. As per our NNI-Nifty Next Indicators, which is declined by -23.0% is now at the level of +7.50% along with decline in Open –Interest & Volume , suggest a Flat to Negative Trading  Session for nifty on tomorrow. 6165 will be the strong Resistance for Nifty on Intraday  Basis.

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FII Data Updates 06 Oct 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 06/10/2010 4360.20 3389.90 970.30 334.60 463.30 -128.70 05/10/2010 4750.20 2831.30 1918.90 1562.30 689.80 872.50 04/10/2010 4564.50 2600.20 1964.30 860.30 577.90 282.40 01/10/2010 10917.80 6161.90 4755.90 647.40 2084.70 -1437.30 29/09/2010 3541.40 2646.60 894.80 6.90 980.70 -973.80 28/09/2010 3669.60 2362.50 1307.10 1230.10 795.60 434.50 27/09/2010 4286.40 2947.80 1338.60 2215.40 696.40 1519.00 24/09/2010 3043.60 2460.90 582.70 1442.90 669.70 773.20 23/09/2010 4630.40 3124.90 1505.50 1774.70 501.60 1273.10 22/09/2010 6431.90 3119.40 3312.50 1076.40 708.00 368.40 Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT-Nifty Trading Range for 06 Oct 2010

Nifty today(06 Oct2010) may Open with GAP-UP & may  trade within the Range of 6180-6230 with Positive Note .Nifty has strong  support at 6176 for today. If Nifty(Cash) Trades above 6250, then 6317 is immeninent  by this week. As Per Our NNI which is now Trading at +9.60% level suggest the same Bullish Trading Session for Nifty. All major Indicators are in Over Bought Zone & any sudden move in  to close below 6176 will make the Index bearish to the level of 5900.Relaicne Pack will Now be the Index movers  for today also.

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