Thursday, June 2, 2011

NIFTY NEXT- Nifty Trading Range for 02 June 2011


Nifty Spot today (02 June 2011)may  Trade with huge volatility within the Range of 5525-5595 with Flat to Negative and again Negative to Flat/Positive. On Technical Price Chart Nifty, is showing Bullishness while Bulls-Bears Force has declined in favour of Bears. PCR-Vol  has increased by +10.9% to 1.22 level on 01 June 2011, a Bullish sentiments for Nifty. As per Our NNI-Nifty Next Indicators, which  increased by +70% on 01 June 2011 along with increase in Traders; Hope for Bull Run , which Fall in Volume, suggests that Nifty will Trade with huge volatility and Un-Directional  move is expected today. Closing Below 5520 will mark the Nifty to our Earlier level of 5000/4950 for the June2011 Expiry. Tata Motor & Tata Steel will be Best Stocks To Trade on 02 June 2011.

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