Wednesday, January 5, 2011

NIFTY NEXT-Nifty Trading Range for 05 Jan 2010

Nifty-Spot  today may Trade with Huge volatility within the Range of 6112-6153.VIX is now at lower level and has started Increasing from Lower ends.Technically all the major Momentum indicators are still in Buy Zone.Today we may see a Bounch-Back from level around 6115/20 levels. If nifty closes below 6112 then we may see 6072 in few Trading Session. Bulls  Hope is that the Volatility Skew for Calls are increasing, which is Positive for Nifty. We may see the Index at 6300 Level By Jan 2011 expiry. Banking Stocks will be the Eye-Catcher Today
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