Thursday, November 18, 2010

NIFTY NEXT-Nifty Trading Range for 18 Nov 2010


Nifty-Spot today(18 Nov2010) my Trade with Flattish to Positive note within the Range of 5980-6030 along with its  Global Peers. NNI-Nifty Next Indicator is now +4.30%.it  is still in Positive value and has seen huge increase in Open-Interest and Volume in Last Trading Session. This is a Positive sing for the Index. If nifty Trades & Holds  6001 level ,then we can conclude that the Worst is over and way for 6500/6700 is opned  once again for Longs. Closing below 5980 is bearish for index and may drag it 5700/5850 levels in Very Short-Period. 

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