Monday, June 20, 2011

NIFTY NEXT- Nifty Trading Range for 20 June 2011

Nifty-Spot today mayTrade with Huge Volatility within the Range of 5335-5400 in tune with increase in VIX by +3.1% on 17 June 2011. On Technical Price Chart, Buyer-Seller Force Index is moving Upward. As per Our NNI-Nifty Next Indicators, which gained by +162% in last Trading sessions along with decline in PCR-Vol suggests that Nifty will Trade with Positive bias on 20 June 2011 and may see the Selling from Its higher levels. 5335 is the Strong Support for Nifty while 5404 is Strong Resistance. Closing below 5335 and above 5404 will mark the Short-Term(Weakly) Trend reversal.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here .
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