Nifty-Spot today(26May2011) trade with Huge volatility within the Range of 5340-5410.Vix has increased by +3.705 in last Trading session to 20.66. On Technical Price Chart, All major momentum indicators are in extremely oversold zone. As per our NNI-Nifty Next Indicators, which gained huge by +115% on 25 May 2011 along with +4.95% increase in PCR-Volume along with Traders willingness to Buy at lower levels, suggests that Nifty will Trade with Positive Bias on 26 May 2011. Banking Stocks-Index Base are forming a Base for Higher levels. If Nifty Closes below 5318 on 26May 2011, then we may see the Index at 5107.
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