Monday, August 16, 2010


Nifty Today(16 Aug 2010) may  Trade with  Flat Note within the Range of 5415-5450.NNI-nifty next indicators is postive and it is @ +2.24% ,indicates a Flat move for Nifty.Both the levels are crucial in Closing of Nifty on Daily basis.We may go  long in nifty if it trades and holds 5450 level.Our Niftynext Trend Finder 11EMA is @ 88.56, indicates some steam is still left for nifty to move up to the level of 5600 in coming days.From Futures & Options analysis, we find that 5600/5700 are actively Traded  in last trading sessions.So We may go long if Nifty Trades above 5450 level.
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