Monday, March 14, 2011

NIFTY NEXT- NIFTY Trading Range for 14 March 2011

Nifty-Spot today may trade with Huge Volatility with ZIG-ZAG motions with Negative to Positive Note within the range of 5432-5510. As per VS of Nifty Options, Puts are gaining momentum compare to Calls in near Month Series. On the Technical Chart, Nifty is showing weakness .Momentum Indicators like Spearman, W%R & RSI are Looking weak .As per Our NNI-Nifty Next indicators, which gained by +46% in last Trading Session along with Traders’ Hope & Volume, suggests that Nifty has Still Bulls Power & will see Smart Recovery from its lower levels. 5412 is the Strong Support for Nifty on 14 March 2011 and if breaks 5412, mid-term trend will turn negative. Reliance Industries will see the Bears Attack on 14 March 2011.

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