NIFTY NEXT-Nifty EOD 18 Oct 2010 Technical Analysis (Bullish On 19 Oct 2010)

Nifty-Spot today closed at 6075.95 with a marginal gain of -0.20% after Hitting day’s low at 5985.10.Nifty Has Bounch - Back as per Our technical analysis. Nifty has formed a Hammer   pattern on daily price chart. The  Major Momentum Indicators are still in  negative zone .The Short-term Trading Indicator is moving south-ward  indicating a great buying opportunity at lower levels at lower RSI value. Our NNTF-Nifty Next Trend Finder has started moving Upward.  A bullish sing for Traders. The Major Technical Indicators NNI- Nifty Next Indicators today gains by +105.0% and it is trading at +28.0% along with huge Open-interest and Volume, suggest a Positive Trading Session on 19 Oct 2010 and Possible a Gap-Up Opening in next Trading session.6400 Call is traded with huge interest. Nifty has now strong Resistance at 6104 for tomorrow. We Revised our Next Nifty Target Upward at 6298.

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FII Data Updates for 18 Oct 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 18/10/2010 2922.00 2268.00 654.00 1007.30 1692.70 -685.40 15/10/2010 5492.00 2597.80 2894.20 666.00 486.90 179.10 14/10/2010 6718.60 3618.20 3100.40 224.20 956.60 -732.40 13/10/2010 3092.50 2392.40 700.10 313.30 537.00 -223.70 12/10/2010 3545.30 2434.20 1111.10 437.00 458.70 -21.70 11/10/2010 3602.80 2795.30 807.50 569.40 377.80 191.60 08/10/2010 5098.20 3397.40 1700.80 1116.40 548.30 568.10 07/10/2010 5235.80 2950.40 2285.40 1573.50 143.60 1429.90 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 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 18 OCT 2010

NIFTY-Spot today(18Oct2010) may trade with Flat Note within the Range of 6030-6070.All Major Technical_Momentum Indicators are showing weakness on Charts.Whereas the Leading Indicators for Next Move are gaining strength & Bounch-Back is possible at any time.Smart-Indicator is still trading in positive zone , means The Up-Trend is Still Intact and is broken for Short-Term only.Our NNI-Nifty Next Indicators which gained in last Trading session by +60.0% , is trading at 13.60% level suggest a Surprised Bounch-Back any Time.
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