Tuesday, January 11, 2011

NIFTY NEXT-Nifty Trading Range for 11 Jan 2011


Nifty-Spot today may Trade with  huge volatility  and may test the patients of Traders like past. It may Trade within the Range of 5740-5800 and may see selling from higher levels. As pr NNI-Nifty Next Indicators which also seen losses by -57.0% in last trading session also suggest a Sell-Off From Higher levels today. Nifty Is oversold on daily price chart, but as per Options Data & Volatility Skew of Options , Puts are gaining momentum. For Bulls 5800 is the most important level for Nifty to move upward in today’s Trading itself. Bank & IT stocks will be today’s Eye-Catcher of Traders.

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