NIFTY NEXT- Nifty EOD 28 Feb 2011 Technical Analysis

Nifty-Spot today ended   with a marginal gain of +0.6% at 5333.25 with formation of   a Shooting Star on Daily price chart. It has  slided from its days higher levels of 5477 during Budget Speech on 28 Feb 2011. Avg VI for calls has declined more to Puts today. As per VS of Nifty Options, we have find that 5300 will act as a string support in near term and 5600 as a resistance in next 2 months.  Technically, RSI is in  oversold zone, whereas MACD & Inverse Fisher has shown weakness on daily price chart .As per our NNI-Nifty Next Indcator, which falled by -49% , is now trading at +1.00% along with increase in Volume and Traders Hope, suggests that Nifty may Trade with negative Bias on 01 March 2011. Closing & Trading above 5317 is must for Nifty  on 01Marh 2011 to be Bullish.  

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

FII Data Updates for 28 Feb 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 28/02/2011 2826.80 3356.10 -529.30 1329.00 1354.10 -25.10 25/02/2011 3685.60 5935.50 -2249.90 344.90 598.30 -253.40 24/02/2011 3317.30 3330.40 -13.10 957.90 1254.30 -296.40 23/02/2011 2855.10 2762.60 92.50 661.80 752.90 -91.10 22/02/2011 2177.50 2216.20 -38.70 664.30 834.30 -170.00 21/02/2011 2845.70 2601.30 244.40 350.20 567.20 -217.00 18/02/2011 2288.80 2202.80 86.00 1827.80 1452.70 375.10 17/02/2011 4594.60 4419.00 175.60 788.30 410.60 377.70 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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