Nifty Next: NIFTY NEXT-Nifty Trading Range for 27 Oct 2010

Wednesday, October 27, 2010

NIFTY NEXT-Nifty Trading Range for 27 Oct 2010

Nifty-Spot today (27Oct2010) may Trade with Flat to positive not within the Range of 6120-6075.6101 will be a strong Resistance for Index. All Major Momentum Indicators are still in Bull Zone. As Per our NNI-Nifty Next indicator which is now trading at +79.0%, is not supported by Increase volume, indicates that today we may see Sell-Off from higher levels, due to Expiry week. The under-tone is positive as Vix is declined to the level of 20.55%. Our Nifty Next Target is 6340 is still intact.

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