Wednesday, April 13, 2011

NIFTY NEXT- Nifty Trading Range for 13 April 2011

NIFTY-Spot today may Trade with huge volatility with Negative note within the Range of 5785-5720.VIX is increasing to 23.24%. On Technical Price Chart, Nifty is showing weakness .Major Momentum indicators are on bearish note on daily price chart VS of Nifty Options is indicating that Nifty-Fut has strong support at 5700 & it is making the ground  stronger for 6200 in next 3 months. As per our NNI-Nifty Next Indicators, which increased by  +65% in last Trading session, suggests that Nifty  may Find support at its lower price end and may move upward from the level of 5720 and sharp-recovery is also  possible on 13 April 2011. Banking stocks(SBI & ICICI Bank) are looking bearish on 13 April 2011. 
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