Monday, January 24, 2011

NIFTY NEXT-Nifty Trading Range for 24 Jan 2011

Nifty Spot today may Trade with Flattish note within the Range of 5670-5732.As per Our NNI-Nifty  Next Indicators which declined by -28% in Friday’s Trading session suggest, that the Index may see a Sell-off from higher level. Momentum indicators have started moving Upward & yet  to give clear indication of Bullishness.5685 & 5710 will be the levels to watch on 24 Jan 2011. Holding and Trading above  5685/5710 will confirm the Bullish Trend for Short-Term for Nifty. Accumulation of LT is advisable at these prices.

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