Wednesday, April 6, 2011

NIFTY NEXT- NIFTY Trading Range for 06 April 2011

Nifty-Spot today (06April 2011) may Trade with Negative to Positive Note within the Range of 5898-5940.VIX has declined  to 19.9%. On Technical Price Chart, Nifty is in  extreme Overbought Zone. All Major Indicators are in Bullish & Overbought Zone. As per Our NNI-Nifty Next Indicators which declined by  -32% along with increase in volume and Traders’ Hope, suggests that Nifty will Trade with Flat/Negative to Positive note on 06 April 2011. Closing above 5857 will be Bulls Party for 6013 by 07.04.2011 & below 5880 will  mark the down Journey. Accumulations Sesa Goa & Coal India is advisable at the CMP.

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