Wednesday, June 8, 2011

NIFTY NEXT- Nifty Trading Range for 08 June 2011

Nifty-Spot Today(08 June 2011) may Trade with Huge volatility within the Range of 5500-5566. On Technical Price Chart, major momentum indicators are now gaining momentum. Buyer-Seller Force indicator is moving upward along with TTF & Distance From Base also, marking a Bullish move. As per Our NNI-Nifty Next Indicator, which gained by +217% on 07 June 2011 along with PCR_Volume and Traders’ Hope for upmove , suggests that Nifty will Trade with Negative to Flat note today on 08 June 2011. 5495.75 is strong support for Nifty-spot on daily closing basis.

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