Friday, July 15, 2011

NIFTY NEXT- Nifty Trading Range for 15 July 2011

Nifty-Spot today ( 15 July 2011) may trade with Huge Volatility within the Range of 5541-5611 with  Flat to Negative Note.  As per Our NNI-Nifty Next Indicator, which declined by -97% along with increase in Volume and VIX and PCR-Volume of Nifty Options, suggests the same Negative Bias for Nifty  on 15 July 2011. If Nifty-Spot Trades above 5629 then this Uptrend will be Intact and 5701 will be next Hurdle for Nifty. Today (15 July 2011) , we will not see any Bounc- from its lower levels.
Editors’ 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. You can reach the Chartist here . We are Using AmiBroker Charting Software(V-5.40), Pattern Explorer & AmiTool-PowerScan.
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