Monday, August 9, 2010

NIFTY NEXT- NIFTY TRADING RANGE FOR 09 AUG 2010

NIFTY TODAY(09AUG2010) MAY TRADE WITH NEGATIVE TO FLAT NOTE WITHIN THE RANGE OF 5420-5445 LEVELS. NIFTY WILL BEHAVE DIRECTIONLESS IN TODAY'S TRADING SESSION WITH MUCH MORE VOLATILITY EXPECTED.NIFTY HAS STRONG SUPPORT @ 5382 FOR MID TERM.TODAY'S TRADING SESSION WILL BE DIRECTION DETERMINATION OF INDEX AS ALL NIFTY-50 STOCKS ARE ON THE VERGE OF DIRECTION CHANGE.AS PER OUR F&O STRATEGY , NIFTY HAS STRONG SUPPORT @ 5400 AND RESISTANCE @ 5700.OUR NNI-NIFTYNEXT INDICATOR IS FLAT, INDICATING A DIRECTION LESS OR FLAT BIAS FOR INDEX TODAY.
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