Wednesday, June 15, 2011

NIFTY NEXT- Nifty Trading Range for 15 June 2011

Nifty-Spot today  May Trade with Zig-zag Motion within the Range of 5480-5545. On Technical Price Chart, Major Momentum Indicators are Gaining Strength. As per our NNI-Nifty Next Indicator, which gained by +3.20% in last Trading Session on 14 June 2011 along with Decline in PCR-VOL, indicates that Nifty  may Trade with Positive to Negative Bias or it may Cool-OFF From its higher levels.5480 is Strong Support for Nifty on Closing basis & 5545 is Strong Resistance & Cooling may start from 5530-5540 levels today( 15 June 2011).

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