Wednesday, April 20, 2011

NIFTY NEXT- Nifty Trading Range for 20 April 2011

NIFTY NEXT- Nifty EOD 06 April 2011 Tchnical Analysis & OutLook For 07 April 2011
Nifty-Spot today(20 April 2011) may Trade with Positive bias within the Range of 5722-5787. VIX has declined in last Trading session. As per VS of Nifty-Options, 5700 will act as a Strong Support ,while 6200 as a strong resistance in coming expiry. On Technical Price chart, Nifty has formed a White Bullish  Candle .All momentum indicators are now showing strength. As per our Leading Indicators, NNI-Nifty Next Indicators , which gained by huge 215% in last Trading sessions , suggests that Nifty will trade with positive bias. If Nifty-Spot Trades above 5811 levels, it will mark a start of New Bull Trend. Banking Stocks are Best PICKS for 20 April 2011.
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