Tuesday, December 21, 2010

NIFTY NEXT-Nifty Trading Range for 21 Dec2010


Nifty-Spot today  may Trade with huge volatility  within the range of 5935-5960.Index is in consolediating mood now. As per NNI-Nifty Next Indicators, which declines by -7.0% in last Trading session is now Trading at +7.50% along with Decline in Volume and  Increase in Open-Interest, Indicates that today Nifty may Trade with Volatility and see a sell-off from higher levels. Avoid carrying long todays. Today 5988 is strong Resistance and 5914 is the Strong Support for Nifty. Closing above/below these points is crucial and indicates a Trend Reversal.

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