Thursday, March 3, 2011

NIFTY NEXT- Nifty Trading Range for 03 Mar 2011

Nifty-Spot today may trade with less volatility Flat to note within the Range of 5470-5520.As per VS of Nifty Options, 5500 will act as a Strong support today for 5800(Mid-Term Target), as it has declined for calls and increased for Put of Strike Price of 5500.Avg VI for Calls are declining compare to Puts. As per our NNI-Nifty Next Indicators , which gained huge in last trading session by+350% is now trading at +4.75%, along with fall in Traders’ Appetite and Volume, suggests that Nifty may find strong support at 5500 level and Buying may be there at lower levels. SBI will Best Stocks To Trade on 03 March 2011.

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