Friday, December 31, 2010

NIFTY NEXT-Nifty Trading Range for 31 Dec 2010


Nifty-Spot today may Trade with Volatility within the Range of 6090-6134.As per Volatility Skew,6200CE and 6500CE for Jan2011 has the highest value or 16.88 & 15.35 respectiabely, while for Puts is is declining, showing the Bullishness in the Market. All Major Technical Indicators are in BUY_Zone. As per Our NNI-Nifty Next Indicators, which gained by +250.0% in last trading sessions along with increase in volume and decline in open-interest, suggest a Flattish Trading Session or Selling from Higher level today. Closing below 6082 will  be negative for this uptrend & closing above 6134 will makes the Bulls Journey to 6200.
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