Wednesday, December 19, 2012

NIFTY NEXT- Nifty Trading Range for 19 Dec 2012

Nifty-Spot today (19 Dec 2012 ) will Trade with Positive to Flat or Negative Note within the Range of 5891.20-5949. As per Our NNI-Nifty Next Indicators which has Gained in the last Trading Sessions with Low Volume, suggests that Weakness will be there at Higher levels or We may See SELLING at Higher levels today(19 Dec 2012). On Technical Price Chart, major Momentum Indicators are also in the Over-Bought Zone, making Nifty Vulnerable at its Higher levels. Nifty Has Now Strong Support at 5891.20(Cash Segments) and if this levels sustains then Nifty (Futures) will touch 6083 in Dec 2012 Expiry.  

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