Friday, February 4, 2011

NIFTY NEXT-Nifty Trading Range for 04 Feb 2011

Nifty-Spot today may Trade with Flat to Negative note within the Range of 5470-5539.Volatility Skew of Nifty Puts are increasing while the value for Calls are declining for Feb 2011 series.  MACD has started moving upward on daily price chart. As per our NNI-Nifty Next Index which increased by +20% in last trading session with decline in volume  suggest a Flattish Trading session on 04 Feb 2011 for Nifty.Banking stocks will be the Eye-Cather of Traders Today.

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