Wednesday, June 29, 2011

NIFTY NEXT- Nifty Trading Range for 29 June 2011

Nifty-Spot today ( 29 June 2011) may Trade with  Negative Bias within the Range of 5600-5540.VIX is now at 19.49. On Technical Price chart, Nifty has formed a Bearish Hammer candle with a Pattern Reversal. As per Our NNI-Nifty Next Indicators, which declined by -26%  ALONG WITH INCRease in volume, suggests that Nifty may See a Selling From its higher levels. Closing above 5605 will mark the Bullish Trend  and Below 5570 will make the Short-Term Trend Negative.

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