NIFTY NEXT-Nifty EOD 22Oct2010 Technical Analysis

Nifty-Spot Today(22Oct2010) ended with a decline of -0.6% to the level at 6066.05 after hitting day’s 6121.10 in first half of trading session .I t has formed a Black Candle on Daily Price Chart. The  major Momentum Indicators MACD & Short-Term Trading Index  todays turns upward while ADX  turns downward. Our NiftyNextTrendFinder also given negative divergence on daily price chart. As Per our NNI-Nifty Next  Indciator which decline by -17.50% is now trading at +23.77% along with decline in open_interest and Volume suggest a Negative Trading session on Monday and the Good News is that We may see a Bounch-Back from lower levels in coming days, surprising every Trader. Our Short & Mid term Trend is Positive for Index is still intact. 

Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

FII Data Updates For 22 Oct 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 22/10/2010 3630.30 2653.80 976.50 490.70 672.60 -181.90 21/10/2010 3103.10 2292.00 811.10 29.90 642.40 -612.50 20/10/2010 3329.10 2988.10 341.00 427.70 869.60 -441.90 19/10/2010 4166.30 3350.60 815.70 485.50 822.90 -337.40 18/10/2010 2922.00 2268.00 654.00 1007.30 1692.70 -685.40 15/10/2010 5492.00 2597.80 2894.20 666.00 486.90 179.10 14/10/2010 6718.60 3618.20 3100.40 224.20 956.60 -732.40 13/10/2010 3092.50 2392.40 700.10 313.30 537.00 -223.70 12/10/2010 3545.30 2434.20 1111.10 437.00 458.70 -21.70 11/10/2010 3602.80 2795.30 807.50 569.40 377.80 191.60 08/10/2010 5098.20 3397.40 1700.80 1116.40 548.30 568.10 Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT-Nifty Trading Range for 22 Oct 2010

Nifty-Spot   today may Trade wit in the Range of 6099-6154   with Flat to Positive Bias or may see Sell-Off from higher levels. All   Major Technical Indicators ADX, MACD, RSI are now in the Buy Mood( Have given Positive Cross-over).Our Own NNTF has also moved up  giving a BUY signal. As Per NNI-Nifty Next Indicators which gained by +47% in last Trading session along   with   Volume suggest the above Trading bias. We have Revised our Nifty Next Target to 6238/6475 achievable within 15/30 Trading session.

Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com