Tuesday, May 3, 2011

NIFTY NEXT- Nifty EOD 03 May 2011 Technical Analysis & OutLook For 04 May 2011


Nifty-EOD Chart
                                                            Nifty-Spot 15 min Charts

Nifty –Spot today(03 May 2011) reacted negatively to RBI Mid Term Review Policy  and ended at 5565.25 with a huge decline of -2.4%. It has formed a Long Black candle on Daily Price chats.Nifty has now closed below its 100 DMA of 5692.90, marking a bearish note. It has also broken its mid-term level of 5629.Major Momentum Indicators, Spearman  & Swing 350 are trading in Red Zone. PIR Daily is Trading much below its weekly Value. RSI-14 is also Trading below its EMARSI-9. On 15 Mins Intraday Chart, it is showing some strength for tomorrow (04 May 2011) Bounch-Back. Our Intraday Picks Titan (Sell ) hammered well by bears on 03 May 2011.

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NIFTY NEXT- TOP 6 Intraday Stocks For 03 May 2011


STOCKS/SCRIPS™ WWW.NIFTYNEXT.COM
TRENDS
CAIRN
POSITIVE
LT
POSITIVE
ICICI BANK
POSITIVE
SBI
POSITIVE
RELIANCE
FLAT
TITAN
NEGATIVE





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 03 May 2011


Nifty-Spot today(03 May2011) on RBI-Review Policy Day may Trade with Huge Volatility within the Range of 5655-5710.VIX has increased by 6.6% to 20.88. On Technical Price chart, Nifty is in bearish Zone. Major momentum indicators are  in selling Zone. As per our NNI-Nifty Next Indicators, which gained   huge on  02 May 2011 along with Traders’ Hope & decline in Volume, suggests that Nifty will Trade with Positive Bias on 03 May 2011 & will bouch-back from its lower levels around 5660.Banking Sector will be Top Trader Sector on 03May 2011.Nifty Has now Strong Support at 5636 and Resistance at upper level at 5743.

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

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