Tuesday, March 29, 2011

NIFTY NEXT- NIFTY Trading Range for 29 March 2011


Nifty-Spot today may trade with huge volatility with Positive to Negative note within the Range of 5693-5653.VIX has increased to 21.02. Options data shows that Nifty(Fut) may find hard to Breach 5700 level today. Technically , Nifty is in overbought zone. Spearman & Swing 350 indicators has given Sell Signal On Daily Price Chart. Our NNI-Nifty Next Indicator also declined in last Trading Trading Session by -7%, indicating a Negative Trading Session for Nifty on 29 March 2011.5693/5653 both the Price Bands are very important on Technical Front, Closing above 5693, will be Bullishness for Nifty and Below 5653 is bearish. We are Hopeful that Nifty-Spot  will not Break our Lower price Band today. TATA Motor is best Selling Stocks For 29 March 2011.

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