Wednesday, June 22, 2011

NIFTY NEXT- Nifty Trading Range for 22 June 2011

Nifty-Spot today (22 June 2011) may Trade with huge volatility with Positive Bias within the Range of 5270-5345. VIX has increased to 22.18. On Technical Chart, major momentum indicators are gaining momentum.BSF & RSI is moving upside from its lower levels. As per our NNI-Nifty Next Indicators, which gained by +3.0% on 21 June 2011, suggests that Nifty will Trade with Positive Bias and Dip-Down Point should be considered for Fresh Entry  on Intraday Basis. Closing above/below 5345/5270 will  mark weekly Trend reversal on Daily Price Chart. SBI & GLT will be best Stocks to Trade Intraday on 22 June 2011.
Editir’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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