Tuesday, June 21, 2011

NIFTY NEXT- Nifty Trading Range for 21 June 2011


Nifty-Spot Today (21 June 2011) may Trade with huge volatility within the Price Range of 5225- 5310 . On Technical Price Chart, Major momentum indicators are in Bearish Zone.PZO Indicators is too in Bearish Zone. VIX has increased by +9.4% to 22.18 on 20 June 2011 along with increase in PCR-Vol by +9.88%. As per Our NNI-Nifty Next Indicators, which declined by -80% along  with increase in volume, suggests that Nifty will Trade with Negative Note or May see the Selling From Higher levels. We have Revised our Downward Target to 5077. If Nifty holds and Trades above 5313, then  some Respite for the Bulls.
Editor’s Note : This Article is written by Vina S Singh, Senior  Chartist at  www.niftynext.com , which is a Technically Based quant Research Firm, M/S Durgapur Holdings in Durgapur, West Bengal, India that covers all Stocks, trades at NSE. We use Ami Broker Charting Software. You can reach the Chartist here mail@niftynext.com .


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