New Listing-Servalakshmi Paper plunges 37% on debut- 5 Mins Technical Chart 13 May 2011

SERVALL-SPOT closes at 18.40 with a fall of -37%  compare to its issue price at 29. SERVALL is looking weak on 5 mins technical price chat. Major momentum indicators are in bearish mood.It has now strong support at 18.25.If this level is broken it may slide further upto 17.75 on 16 May 2011. Avoid Now.  

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NIFTY NEXT- Nifty EOD 13 May 2011 Technical Analysis & OutLook For 16 May 2011

Nifty-spot today(13May2011) ended with a handsome gain of +1.1% at 5544.74 with formation of  white candle on daily price chart. VS of Nifty –Options are suggesting that Nifty has strong support at 5500 and Resistance at 6000 by July 2011 expiry. On Technical  Price chat, major momentum indicators are gaining momentum. Spearman & Centre of Gravity are increasing. PCR-Vol  has increased by +1.14% along with fall in VIX. As per Our Leading Indicator NNI-Nifty Next Indicators, which gained by +415% on 13 May 2011 along with increase in volume, suggests that Nifty has strated a New Bulls Run and Nifty will be Positive  on 16 May 2011. ICICI Bank is looking Good on Charts.

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FII Data Updates for 13 May 2011

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 13/05/2011 1602.50 2479.20 -876.70 1275.20 1155.10 120.10 12/05/2011 2374.10 2129.90 244.20 238.60 799.70 -561.10 11/05/2011 1474.90 1374.00 100.90 1179.40 91.60 1087.80 10/05/2011 1935.90 1692.10 243.80 1224.80 654.50 570.30 09/05/2011 2613.60 2964.90 -351.30 423.10 377.90 45.20 06/05/2011 1990.80 2613.60 -622.80 2207.20 1601.40 605.80 05/05/2011 2449.00 3149.00 -700.00 1523.40 574.90 948.50 04/05/2011 2693.00 3944.80 -1251.80 1896.80 733.20 1163.60 03/05/2011 1875.30 1863.60 11.70 1402.30 983.70 418.60 02/05/2011 3239.70 3434.50 -194.80 717.30 1158.00 -440.70 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