Wednesday, October 20, 2010

NIFTY NEXT-Nifty Trading Range for 20 Oct 2010(Bearish)


Nifty Today (20Oct2010) may trade with Negative Note within the Range of 6015-5974.As per Our NNI-Nifty Next Indicators analysis, which turns down by -60.0% in last trading session , is now at +11.50, along with decline in Open-Interest and Increase in Volume, suggest a Negative Trading Session for Today. INDEX based stocks will see more selling today(R elianc e ,ICICI Bank, SBI & IT Stocks mainly) to fund the Cola India IPO. The Under tone of market is still positive in Future Segment.Nifty has strong Support at 5997 for today. Trading below 5997 will take Index to lower levels @ 5688 in short Terms.

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