Friday, April 29, 2011

NIFTY NEXT- Nifty Trading Range for 29 April 2011


Nifty-Spot today may trade with huge volatility within the Range of 5735-5814. On TA Charts, nifty is looking bearish mood. Major momentum indicators are showing weakness on charts. PCR-Vol  has increased by +28.92% to 1.07. As per our NNI-Nifty Next Indicators, which gained huge on last trading session 28 April 2011, suggests that Nifty may Bounch-Back from its lower level  on 29 April 2011 and will trade Negative to Flat/Positive. 5735 will act as a Strong support for Nifty. ICICI Bank is good on charts for 29 April 2011. Accumulation  for short term will be profitable Trade.
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