Tuesday, May 31, 2011

Nifty Next-Nifty Fut 1 Mins Technical Chart Analysis 31 May 2011


Nifty-Fut is Trading as per Our Technical Analysis and is Now Trading at 5537, after crossing our Intraday Target of 5518/5527. All Major Momentum Indicators are now in Overbought zone and it is moving upward with Negative NNI-Nifty Next Indicators, marking a Questions Mark on this Up-Move. VIX has  declined by -4.36% to 17.09 level. We Suggests Traders to Short Nifty At Higher levels for 5000/5200 by June Expiry.

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