Monday, October 4, 2010

NIFTY NEXT-Nifty Trading Range on 04 Oct 2010

Nifty Today (04 Oct2010) may trade within the range of 6174-6230 with Positive Bias. NNI-Nifty Next Indicator is now at +7.25%, support the same Trading Range for Nifty(Cash) on today. If the same Flow-in of FII money continues in Indian equity market, Nifty may see the level of 6403 by the end of this week (4-8 Oct2010) . All Major Momentum Indicators are now in overbought zone, so Profit Booking may be seen at Higher level by DII & Retails.
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