Tuesday, April 19, 2011

NIFTY NEXT- Nifty Trading Range for 19 April 2011


Nifty-Spot today(19 April 2011) may Trade with huge volatility within the Range of 5668-5730 with Negative to Flat or Negative to Positive Note. As per VS of Nifty-Options, 5700 will be strong support for Nifty-Fut. On Technical Charts, Nifty is in weak Zone. Major Momentum Indicators are in bearish mood. As per Our NNI-Nifty Next Indicators, which failed marginally  on 18 April 2011 by -5% along with  increase in Volume, suggests that Nifty  May find String Support around 5680 levels or Bounch-Back is possible from its lower levels. Breaking 5632  will lead to a Blood-Bath and long term reversal for Nifty.

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