Wednesday, September 29, 2010

NIFTY NEXT-Nifty Trading Range For 29 Sep2010

Nifty Today  (29 Sep2010) may trade within the range of 6015-6070 with Flat to Positive Note. Well Known Momentum  Indicators are in their overbought zone and indicating a Ultra-Short-Term Correction for 2-3 Days in near futures. Though the Short-Term is still intact in  Positive direction. As Per Our NNI-Nifty Next Indicator(Next Day Up/Down Forecaster Indicator) gained by +70.0% and it is now at +62.0%, along with Increase in Open-Interest and Volume suggest a Flat to Positiive Trading session Today(29 Sep2010).6015/6042 are the Important levels for Bear/Bulls today. T rading  above 6042 will take the Nifty 6077>6132 levels in coming days.

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