Friday, June 10, 2011

NIFTY NEXT- Nifty Trading Range for 10 June 2011

Nifty-Spot today(10 June 2011) may Trade with Huge Volatility within the Range of 5512-5562 with Positive Bias. On Technical Price Chart, Major momentum indicators are still in Bearish Mode and finding hard to move-upward for Bulls. Buyer-Seller-Force Index is still in negative zone. As per Our Leading Indicator, NNI-Nifty Next Indicator, which declined by – 166.50% on 09 June 2011 along with Increase in PCR-Volume by +1.09%, suggests that Nifty may Trade with Negative Bias or Nifty may see sell-off from its higher levels on 10 June 2011.As per NNI, Nifty may see the Selling Presure  at 5562/5567 on 10 June 2011. SBI will be Traders’ Pick for Today’s Trading .

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