Thursday, March 17, 2011

NIFTY NEXT- NIFTY Trading Range for 17 March 2011

Nifty-Spot today (17 March2011) may trade with Negative to Positive note within the Range of 5430-5530.VIX has declined by -6.5% in last trading session to 24.89. As per VS of Nifty Options analysis, Still 5500 is strong support level of nifty and 6000 resistance in near month. Technically is in uptrend.As per Our NNI-Nifty Next indicators, which increased huge  in last trading session by +750% along with fall in Trader’s Hope & Volume, suggest that Nifty will see a Bounch-Back from its lower levels. 5414 is strong support for Nifty on today(17March 2011).ICICI Bank will be Bears first choise on 17 March 2011.

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