Nifty Next: NIFTY NEXT- Nifty Trading Range for 10 May 2011

Tuesday, May 10, 2011

NIFTY NEXT- Nifty Trading Range for 10 May 2011

Nifty-spot today(10 May 2011) will trade with huge volatility within the range of 5525-5587. As per VS of Nifty Options, 5500 is now Strong support for Nifty and It is eyeing for higher levels of 6000.PCR-Vol is increased by +1.25%, indicates that Bulls have entered into the Longs at lower levels around 5500. On Technical Chart, major momentum indicators are now coming out of Bearish zone. As per Our NNI-Nifty Next Indicators, which gained by + 150% in last trading session, suggests that Nifty will trade Flattish or Flat to Positive Note on 10 May 2011. Banking Sectors will be Positive on 10 May 2011.

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