Monday, April 11, 2011

NIFTY NEXT- Nifty Trading Range for 11 April 2011

Nifty-Spot today (11 April 2011) may Trade with huge Volatility with flat to Negative note within the Range of 5818-5862.VIX has increased to 20.54 on 08 April 2011. VS of Nifty Options, indicates that 5800 will act as a strong support for Nifty. On Technical Charts, All major momentum indicators are showing weakness. As per our NNI-Nifty Next Indicators, which declined by -17% in last trading session along with  increase in volume and Falls in Traders’ hope , also suggest s a Flat to Negative Trading session for Nifty on 11 April 2011.5807 is strong support for nifty-Spot. If Broken then we may go for 5766. SBI will be Traders’ eye catcher on 11 April 2011. 

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