Monday, November 15, 2010

NIFTY NEXT-Nifty Trading Range for 15 Nov 2010


Nifty-Spot today may Trade with Huge Volatility within the Range of 6050-6090 as per its Global peers. All Momentum Indicators are in Sell Zone on daily price Charts. As per Our NNI-Nifty NextI ndicators which is still in Positive Zone is now Trading at + 9.2%.NNi declined by -43.0% in last trading session  along with Increase in Volume and Open-Interest, suggest  a Flat Trading session for Today(15Nov2010) and a Bounch-Back From Lower Level. Nifty-Spot has strong Support at 6023 and Resistance at 6115. Accumulaton at Around 6023 will be a Profitable Trade& Avoid Keeping Position Open in F&O due to Uncertaintity in Global Markets. SBI, Reliacne, Coal India,Tata Steel & Tata Motor will be Eye-Catcher in Today’s Trading Sessions.

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