Nifty-Spot today (22 July 2011) may Trade with Positive Bias within the Range of 5588-5605. On Technical Charts, Major Momentum indicators are showing strength. Bullish-Bearish-Congestive Chart is showing Bullishness on EOD Chart.PZO is coming out from bearish zone. As per our NNI-Nifty Next Indicators, which gained by +19.50% along with declined in Volume and Increase in PCR-Volume by +2% , suggests that Nifty will Trade with Positive note on 22 July 2011.Closing above 5631.50 will mark the start of Bullishness for July 2011 Expiry.
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-5.41), Pattern Explorer & AmiTool-PowerScan.
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