Nifty-Spot today (01 Nov2010) may Trade with Positive note within the Range of 6035-6094 levels. All major Technical Indicators are yet to give BUY signals on price chart. Our NNI-Nifty next indicators which is declined by -48.0% in last trading session, is now trading at +5.80% levels, with marginal increase in Open-Interest & huge decline in Volume.NNI suggest that today’s Trading may be gap-Up opening and Index may see Sell-Off from higher levels in 2nd session. If Nifty- Fut trades & Does’t breaks 6062 level, then having longs makes Bulls sense for 6340 by Nov Expiry. ICICI bank & Reliance will be most active stocks today with positive bias.
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