Tuesday, June 28, 2011

NIFTY NEXT- Nifty Trading Range for 28 June 2011


Nifty-Spot today ( 28 June 2011) may Trade with Positive Note within the Range of 5535-5567. On Technical Chart, Major Momentum Indicators are Bullish. Schaff Trend Cycle is moving Upward. Nifty has come out from Dark Cloud Cover on Daily price chart, making it  Bullish for Mid-Term. As per our NNI-Nifty Next Indicator which gained by + 17.50 % in last Trading session on 27 June 2011, suggests that Nifty Will Trade with Positive Bias and it has now Strong Resistance around 5602/5620. Banking Sector will perform well in coming Days.

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