Monday, August 16, 2010


Nifty Today (16Aug2010) closes @ 5148 down by -0.6%, just below its 20DMA -5428.Our NNI-Nifty Next Indicator is Negative today and it is @ -0.55% down by almost _126% with increase in Open Interest & volume ,Indicates a sluggishness in Nifty for the next few days. Our other Important Indicators- Nifty Next Trend Finder is down to the level of 83.88% from the earlier level of 88.66%, support the earlier view for Index.5400 Call was traded heavily in Options Segments today.
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