Friday, May 6, 2011

NIFTY NEXT- Nifty Trading Range for 06 May 2011

Nifty-Spot today may Trade with huge volatility within the Range of 5410-5485.VIX has increased by +2% to 21.60 level on 05 May 2011.On Technical Price chart, Nifty is weak. Major Momentum indicators are still in bearish zone. As per Our NNI-Nifty Next Indicators, which also declined on 05 May 2011 along fall in volume and increase in Trader’s Hope, by -270% is suggesting that Nifty will trade Flattish.5400 will act as a strong Support for Today(06 May 2011). Banking Sector will see sell-off on 06 May 2011.  

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