Friday, April 15, 2011

NIFTY NEXT- Nifty Trading Range for 15 April 2011

Nifty-Spot today (15 April 2011) may open with a  Gap-down and will trade with Negative to Positive bias within the Range of 538-5957 amid  huge volatility. VIX has declined to 20.41% on 13.04.2011.As per VS of Nifty-Options, Nifty-Fut  has strong support at 5900 and Higher level at 6400 by  June 2011 Expiry. On Technical Charts, all major momentum indicators are now in bullish zone. As per Our NNI-Nifty Next Indicators, which gained on 13 April 2011 by huge 65% along with Volume & Traders’ Positive Bias, suggests that Nifty Will Trade with Positive Bias or Negative to Flat/Positive note. Nifty has strong resistance at 5970.  

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