Wednesday, July 14, 2010

NIFTY NEXT: NIFTY TRADING RANGE FOR 14 JULY 2010

NIFTY TODAY MAY TRADE WITH POSITIVE BIAS AS PER INTERENATION CUES WITHIN THE LEVEL OF 5455-5463. CLOSING ABOVE 5456 IS IMPORTANT FOR NIFTY ON EOD BASIS, WHICH MAY TAKE THE INDEX TO THE LEVEL OF 5700 LEVEL. OUR NNI-NIFTY NEXT INDICATOR IS @ 7 % WITH INCREASED OF + 1100% INDICATES HUGE BULLISHNESS IN NIFTY ALONG WITH INCREASE IN VOLUME & OPEN INTEREST.OUR NEXT TARGET IS 5700 FOR FOR THE 7 DAYS.NIFTY TODAY MAY FACE SOME RESISTANCE @ HIGHER LEVEL AROUNG 5450-60 AS IT IS CRUCIAL FOR IT.
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