Thursday, September 30, 2010

NIFTY NEXT-Nifty Trading Range for 30 Sep 2010

Nifty Today(30Sep2010) may Trade with Flat To Negative Note within the Range of 5990-6029.Our NNI-Nifty Next Indicators turns at +55.50% with a decline of -10.0% along with decline in Open- Interest  and Volume in FNO segments ,which suggest a Flat to Negative Trading session for Today. All Major Momentum Indicators turns Negative on charts. The UCI-Universal Cycle Index has given negative Cross-over on Daily Price Chart. If nifty Trades above 6023, then Bulls have Upper-hand for Today. If the negative bias continue, then Nifty may see the level of 5983/5913 in short-period.

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