NIFTY NEXT- Nifty EOD 03 June 2011 Technical Analysis & OutLook For 06 June 2011

Nifty-Spot today(03June2011) ended  at 5516.75 with a huge fall of -0.60% after sliding from its Higher level of  5604.90, with formation of a Bearish Engulfing Candle/ Tweezer Top- Pattern reversal on Daily Price chart. VIX has declined by -2.1% to the level of 17.61 along with PCR-Vol  by -21.585, with Bearish sentiments for Next Trading Session. On Technical Price Chart. Major momentum indicators are moving Southward direction favouring Bears.As per Our NNI-Nifty Next Indicators, which declined by 13% to the level of +1.65% suggests that Nifty will Trade with Negative Zone on 06 June 2011. LT & Sun TV will be Traders’ Pick on 06 June 2011.  

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FII Data Updates For 03 June 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 03/06/2011 1791.20 1640.40 150.80 695.50 154.20 541.30 02/06/2011 2467.30 1777.70 689.60 349.80 616.20 -266.40 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

The Dow opens sharply lower after dismal jobs report on 03 June 2011

Stocks are opening sharply lower after a jarringly weak report on employment worsened concerns that the economic recovery is losing steam.The Labor Department reported that employers added only 54,000 new jobs in May, the fewest in eight months. The unemployment rate inched also up to 9.1 percent from 9 percent. Private companies hired only 83,000 new workers, the fewest in nearly a year.Other recent reports showed that higher gas and food prices have dampened consumer spending and manufacturing growth has slowed. Home prices are also still in a slump.

The Dow is down 138 points, or 1.1 percent, at 12,100 in early trading.The Standard & Poor's 500 index is down 15, or 1.2 percent, at 1,297. The Nasdaq index is down 24, or 1 percent, at 2,303.

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