NIFTY NEXT- NIFTY FUT 15 Mins Intraday Chart 20 May 2011 Analysis & Out Look for 23 May 2011

Nifty-Fut opens at 5435.55 on 20 May 2011 and  started its upmove to the level of 5522 and made intraday  low 5429 and closes at 5478.90 with a gain of +08%. It has formed a Long Bullish Candle on 15 Mins Intraday Chart. Major Momentum indicators are now come-out from Bears Grip.As per 15 min Intraday Chart Analysis, Nifty-Future has given a Positive signals for upmove. The major concernis that it didn’t sustain  our higher level of 5515.

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NIFTY NEXT- Nifty Trading Range for 20 May 2011

Nifty-Spot today (20 May 2011) will Trade with Flattish Note within the Range of 5410-5460.PCR-Vol has declined by -13.64 along with fall in VIX on 19 May2011.On Technical Chart, Major Momentum indicators are vying for Break-Out for Upper Sider. As per Our NNI-Nifty Next Indicators, which declined by -210% in last Trading sessions along with increase in Traders’ Hope suggests that Nifty will Trade with Negative Note .5500 level  is marked for Bulls entry and 5410  is strong support for lower levels.

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NIFTY NEXT- TOP 6 INTRADAY STOCKS FOR 20 MAY 2011

STOCKS/SCRIPS™ WWW.NIFTYNEXT.COM	TRENDS
LT	POSITIVE
RELIANCE	POSITIVE
ASHOK LEYLAND	POSITIVE
SBIN	NEGATIVE
ICICI BANK	NEGATIVE
TATA STEEL	NEGATIVE

Call NiftyNext # +91-96 508 21 682 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com