Monday, December 1, 2014

NIFTY NEXT- NIFTY Trading Range for 01 Dec 2014

Nifty-Spot today (01.12.2014) will trade with Negative Note within the Range of 8563-8597. As per our NNI which has declined by -2.75% in last trading session is now Trading at 8.20, which suggests that Index will trade with Negative Bias. Major momentum indicators are now in overbought zone. If Nifty Closes/ Breaks the level of 8563, then we may see the lower level of 8512. Auto ancillaries sector is gaining momentum. Accumulation is Advised. Tata Motor, DLF,SBI,TCS,HDFC Bank will be best stocks for Intraday Trading.

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