Nifty-Spot today (27April2011) ended at 5833.90 with a fall of -06% barking-off the positive Trend with formation of a Long White Candle on Daily price chart. On Charts, Major Momentum indicators are now showing weakness. VIX has declined by -1.7% to 21.35.Major momentum indicators are showing weakness on Daily Charts. As per Our NNI-Nifty Next Indicators, which declined by -58% along with Traders’ Hope and fall in volume, suggests that Nifty may find support at 5817.If broken, then we may fall to 5737.5891 is Bulls Level to watch for 6300 by July 2011 Expiry. Tomorrow Nifty will Trade with Negative to Flat/Positive Note on Expiry of April 2011 series. ICICI Bank will be best Stocks To Trade on 28 April 2011.
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