Friday, August 20, 2010

NIFTY NEXT- Nifty Trading Range For 20 Aug 2010

Nifty Today may Trade with Flat to Negative note within the range of 5495-5520.Our NNI_ Nifty Next Indicator is Negative in last trading sessions and it is @ -11.80%, indicates a negative Trading session for Nifty.Although the Trend is UP for the nifty, as it has closed above 20/50/200DMA with lowest VIX.The Nifty Next Trend Finder Index is also Postive, which supports that Weekly Trend is Up.5485-5505 both these levels are crucial and Nifty May Test these two levels today(20Aug2010).
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