Friday, October 29, 2010

NIFTY NEXT-Nifty Trading Range For 29 Oct 2010

Nifty-Spot today may trade with negative note within the range of 5935-5970.All Major technical indicators are now in sell-zone. The Market will stabilize only after the  listng of Coal India Listing on 04 Nov 2010.We have seen that Nifty Future is trading at unexpected higher premium due to Cost of fund to the Traders to Nifty-spot and it has to be move down to give the trend.
As per our NNi-NIftynext Indicator which is also supporting the above is now trading with positive bias, suggest that Index is ready to move any-time. Our Past Upper Target 6340 is still intact and we suugest Traders to Buy Call of 6400/6500.

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