Thursday, June 23, 2011

NIFTY NEXT- Nifty EOD 23 June 2011 Technical Analysis & OutLook For 24 June 2011


Nifty-Spot  today(23 June 2011) ended at 5320 with a gain of +0.80% with formation of a Bullish Engulfing Candle on Daily Price Chart.VIX has declined by -6.70% to 19.50 level. On Technical Price Chart,  Major momentum indicators are showing Strength. PZO &  Buyer-Seller Force is moving Upward. As per our NNI-Nifty Next Indicators, which declined by – 187% to the level of -3.75%, indicates that Huge Shorts are created at Higher levels & Nifty will Trade with Positive to Negative Bias on  24 June 2011. We may see the Selling from Higher levels, say 5366. Reliance & Tata Motor will be Traders Pick for 24 June 2011.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
 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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NIFTY NEXT- Nifty Trading Range for 23 June 2011


Nifty-Spot today(23 June 2011) May Trade with Huge Volatility within the Range of 5303-5184 with Negative Bias I line with the Global Market Sentiments. On Technical Price Chart, Major momentum indicators are yet to gain strength. As per Our NNI-Nifty Next Indicators, which gained by +178% with fall in volume suggests that Nifty may see the Selling From its higher levels and Accumulations at lower levels. Smart Traders are creating Fish-Net Trading Strategy For Retail Traders, those having inadequate Knowledge about Options. Nifty  is still in Positive Trend  till 5070.
Eitor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .
 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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Dow Jones Industrial Average (^DJI) ended Red on 22 June 2011


Dow Jones Industrial Average (^DJI) ended at 12109.67 with a fall of – 80.34 Points (-0.66%). It  has formed a Long Black Candle on with Broken of  Expanding Triangle pattern on 5 mins technical Price Chart.

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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