Monday, April 25, 2011

NIFTY NEXT- Nifty Trading Range for 25 April 2011

Nifty-Spot today(25April2011) may Trade in one Direction with Rocket Fly within the range of 5877-5909-5941 with positive bias. On Technical Charts, Major momentum indicators are now showing strength .As per VS of Nifty Options, Nifty has strong Support  at 5900 and Resistance at 6200 for the June 2011 expiry. As per our Leading Indicator, NNI-Nifty Next Indicator, which gained by +13% on  21 April 2011 along with Traders’ Hope , suggests that Nifty will Trade Flat to Positive on 25 April 2011.
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