Nifty-Spot may trade with Negative note within the Range of 6255-6321 with a Slide from Upper level. Pl See the EOD Analysis for 09Nov2010 @ http://www.niftynext.com/2010/11/nifty-next-nifty-eod-10nov2010.html . One major Momentum Indicators UCO is yet to give Positive –cross over, while NNFT-Nifty Next TRend Finder is still in Positive zone. As per Our NNI-Nifty Next Indicators which increased by +43% in last trading session is now trading at +11%, with no vital support from Open-Interest and Volume, suggests that today Index may be in Negative or see Sell-Off from Higher levels.6263 is strong support for Index today. Our Nifty next price Forecaster is also declined in last trading Sessions .Closing below this level may force us to think of 6150 levels in short term.
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