Nifty –Fut is now Trading at 5630 with a gain of +0.11% on 20 July 2011. It has made days high at 5658.90 and Low at 5610. Vix has declined by -1.92% to the level of 18.88 & Our NNI-Nifty Next Indicator is now Trading at +7.83, making the Nifty-Fut Bullish. On Technical Chart, Major momentum indicators are trying hard to come our from bears grip. Nifty-Fut has now Strong Support at 5611 and Resistance at 5640. We recommend to Go long in Nifty-Fut above 5640 for Target of 5672 on Intraday Basis on 20 July 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. You can reach the Chartist here mail@niftynext.com . We are Using AmiBroker Charting Software(V-5.40), Pattern Explorer & AmiTool-PowerScan.
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