NIFTY NEXT- Nifty EOD 17 Feb 2011 Technical Analysis

Nifty –Spot today Traded well  within our Trading range of 5475-5536 and ended with huge  Gain of +1.2% to the level of 5546.45 with formation of a White Candle on Daily price chart. NNTF-Nifty Next Trend Finder has given Positive Crossover  on Daily price chart, indicating the Mid-term Bullishness for Nifty. As per Volatility Skew of Nifty Options, It is falling for Puts and Rising for Calls and indicates the Nifty Has Strong Support at 5500 and may move up to 6000 levels in short-term.  Avg.  Implied Volatility   for calls are declined by-13% while it increased for Puts by +0.60%.As Per our NNI-Nifty Next Indicators which declined by -105% in today Trading session, is at -0.15, along with increase in open-interest and Volume, suggest that Nifty may Trade with Positive Bias on 18 Feb 2011. Banking Stocks will perform negative on 18 Feb 2011.

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FII Data Updates for 17 Feb 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 17/02/2011 4594.60 4419.00 175.60 788.30 410.60 377.70 15/02/2011 3127.80 2899.60 228.20 1983.20 734.50 1248.70 14/02/2011 3252.70 3687.10 -434.40 627.30 380.10 247.20 11/02/2011 3046.30 3891.70 -845.40 336.60 1098.40 -761.80 10/02/2011 3692.70 3977.40 -284.70 1217.30 532.60 684.70 09/02/2011 3004.40 3536.00 -531.60 626.90 1449.20 -822.30 08/02/2011 2757.90 2757.20 0.70 939.90 1040.00 -100.1 Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT- Nifty Trading Range for 17 Feb 2011

Nifty-Spot today may Trade with Huge volatility, as VIX has seen some rise in last  Trading day, within the Range of 5475-5536. As per Our NNI-Nifty Next Indicator which gained by =182.0% 16Feb2011 along with increase in Traders Interest suggest a Positive Trading session for Nifty today 17 Feb2011.Various Momentum  indicators are in Bullish mode. Today nifty must close above 5502 to be bullish for 5900 I coming days. Tata Motor & Tata Steel Will be Best Buy For 17Feb2011.

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com