Friday, April 1, 2011

NIFTY NEXT- Nifty Trading Range for 01 April 2011

Nifty-Spot today, on the  first day of April 2011 Series, may Trade with Huge Volatility within the Range of 5825-5870.VIX has marginally increased to 22.18. As per Nifty-Options Data, VS of Nifty indicates that Nifty has Strong Support at 5800 and may move Upto 6300 By June 2011 Expiry.AS per Our NNI-Nifty Next Indicators, which gained by huge +119% on last day of March 2011 Series Expiry, along with huge Volume and marginal Fall in Traders’ Will , suggests that Nifty will Trade flat to Positive Note of 01 April 2011 and Find strong Resistance at Higher level 5870-88. Banking Stocks are Looking Good On Daily Price Charts.

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