Friday, April 20, 2012

NIFTY NEXT- Nifty Trading Range for 20 April 2012

Nifty-Spot today(20 April 2012)will Trade with Flat to Negative note within the Range of `5280-5311. We may see a Steep Slide from its higher levels today. As per Our NNI-Nifty Next Indicators, which also suggests the same Selling Force.On Technical Price Chart, Nifty is looking week.Major momentum indicators are also Bearish in nature. If Nifty-Spot Trades below `5280, then we may see the Index at ``5170. Closing above `5325 will mark the Intact Bullishness for Nifty.

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