Thursday, October 21, 2010

NIFTY NEXT-Nifty Trading Range for 21 Oct 2010

Nifty-Spot today(21Oct2010) may Trade with Posiive note within the range of 5994-6040 with Good participation of Index Stocks like  Reliacne, SBI & Tata Steel. Major Momentum indicators are still in Sell Some . As per our NNI-Nifty Next Indicators which gained by +73.0% is now trading at +20.0% along with huge increase in Open Interest. The main concern is that Rise in NNI is not supported by Volumes. Volumes  is declined by- 16.50% in last trading sessions .Trading & Closing above 6012 will rise new hope for Bulls.

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