Thursday, June 2, 2011

NIFTY NEXT- Nifty EOD 02 June 2011 Technical Analysis & OutLook For 03 June 2011


Nifty-Spot today (02June 2011) Traded well within Trading Range as per Our Morning Post and ended at 5550.35 with a fall of -0.70%. It has Recovered from its lower levels of 5521.95. On Technical Chart, Nifty is showing weakness. Major Momentum Indicators are now moving Downward. PCR-VOL has increased by +13.93% along with VIX to the level of +1.39%, indicates that Nifty Will Trade with Huge Volatility in coming days. As per Our NNI- Nifty Next Indicators, which increased by +650%, after a long Time, is now Trading in Positive territory  to +1.90% along with increase in Traders’ Hope, suggests that Nifty Will Trade with Positive Note or Sharp Recovery From Its lower levels. SUN TV & SBI will be Best Stocks For Intraday Trade on 03 June 2011.

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NIFTY NEXT- Nifty Trading Range for 02 June 2011


Nifty Spot today (02 June 2011)may  Trade with huge volatility within the Range of 5525-5595 with Flat to Negative and again Negative to Flat/Positive. On Technical Price Chart Nifty, is showing Bullishness while Bulls-Bears Force has declined in favour of Bears. PCR-Vol  has increased by +10.9% to 1.22 level on 01 June 2011, a Bullish sentiments for Nifty. As per Our NNI-Nifty Next Indicators, which  increased by +70% on 01 June 2011 along with increase in Traders; Hope for Bull Run , which Fall in Volume, suggests that Nifty will Trade with huge volatility and Un-Directional  move is expected today. Closing Below 5520 will mark the Nifty to our Earlier level of 5000/4950 for the June2011 Expiry. Tata Motor & Tata Steel will be Best Stocks To Trade on 02 June 2011.

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Wednesday, June 1, 2011

NIFTY NEXT- Nifty EOD 01 June 2011 Technical Analysis & OutLook For 02 June 2011


Nifty-Spot today(01 June 2011) ended at 5592 with a gain of +0.57%.It made days high at 5597.35 & Low at 5559. VIX has declined by -0.53% to 16.73 is a positive sign for Nifty.
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