Friday, June 24, 2011

NIFTY NEXT- Nifty Trading Range for 24 June 2011

Nifty-Spot Today(24 June 2011) may Trade with increasing volatility within the Range of 5330-5270 with Positive to Negative Bias. VIX is now Trading at 19.50 with a huge fall of – 6.70% on 23 June 2011. On  Technical  Chart, Major Momentum indicators are gaining strength. PZO and BSF Index is also gaining momentum. As per Our Leading Momentum Indicators, NNI-Nifty Next Indicator, which fall by huge -187, suggests that Nifty will trade with Negative Bias on 24 June 2011 or It may see the Selling From its higher levels. 5366 is Strong Resistance for Nifty while 5264 is Strong  Support on  Closing Basis. Major Index based Stocks are showing Weakness on  For Intraday on 324 June 2011.
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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