Wednesday, April 27, 2011

NIFTY NEXT- Nifty Trading Range for 27 April 2011


Nifty-Spot today(27 April 2011) may trade with huge volatility within the Range of 5870-5920 due to April 2011 Expiry series.It has bounch-back from its lower levels on  last trading session (http://www.niftynext.com/2011/04/nifty-next-nifty-trading-range-for-26.html#axzz1KayTsPNd ) On Daily price chart, Major momentum indicators are now gaining momentum.As per our NNI-Nifty Next Indicators, which gained huge  on 26 April 2011 , along with Traders’ Hope for Bullishness, suggests that Nifty will trade today with positive bias before April 2011 expiry.If nifty-spot trades above 5911, a major sky-fly is expected on intraday basis for 5975, as per Daily  Price charts. Trading in Index based Stocks will be Profitable Trade on 27 April 2011.
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