Nifty Next: NIFTY NEXT-Nifty Trading Range For 29 Oct 2010

Friday, October 29, 2010

NIFTY NEXT-Nifty Trading Range For 29 Oct 2010

Nifty-Spot today may trade with negative note within the range of 5935-5970.All Major technical indicators are now in sell-zone. The Market will stabilize only after the listng of Coal India Listing on 04 Nov 2010.We have seen that Nifty Future is trading at unexpected higher premium due to Cost of fund to the Traders to Nifty-spot and it has to be move down to give the trend.

As per our NNi-NIftynext Indicator which is also supporting the above is now trading with positive bias, suggest that Index is ready to move any-time. Our Past Upper Target 6340 is still intact and we suugest Traders to Buy Call of 6400/6500.

Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

No comments:

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.