Tuesday, April 26, 2011

NIFTY NEXT- Nifty Trading Range for 26 April 2011

Nifty-Spot today(26April2011) may Trade with Huge Volatility before April 2011 series expiry within the Range of 5842-5905.VIX has increased to 20.91 %. On Technical Price chart, Major Momentum indicators are in over-bought zone. As per Our NNI-Nifty Next Indicator, which gained huge by +49% along with Traders Bias and VS of Nifty-Options also eyeing for higher levels, suggests that Nifty will Trade today(26 April2011) with Negative/Flat to Positive bias. We may  see a Sharp Recovery from lower levels today.5821 is strong support and Trading above 5911 will mark the nifty to 5944 on intraday basis on 26 April2011. Banking Sector will be most traded sector on 26 April 2011.
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