Thursday, October 28, 2010

NIFTY NEXT-NIFTY Trading Range for 28 Oct 2010(Gap Filling Today)

Nifty-Spot today(28 Oct2010) may trade with volatility within the Range of 5983-6038 due to expiry .All Major Technical Indicators are now in Sell-Zone. As Per NNI-Nifty Next Indicators which gains by +92.0% is now Trading at +151% along with Huge Increase in Open-Interest & Volume Suggest that Today We may See A Sudden Gap-Fill Up or Gap-Up opening. We suggest the Trades that Don’t Carry Shorts in Bags. Index is in correction phase for Only Ultra-Short Term, say 7 Days only. It has strong support at 5960/5830 while Resistance is at 6150.We are still maintain the Nifty Target at upper band 6340

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