Wednesday, August 25, 2010

NIFTY NEXT- NIFTY EOD 25 AUG 2010 TECHNICAL ANALYSIS


NIFTY today (25Aug 2010) closes at 5462.35 down by 42.75 points.It finds support at its 20 DMA @ 5456.Nifty  forms a Long Black Candle on Daily Chart. Our NNI-NiftyNext Indicators today turns Postive  with an increase of +190% to th level of +50% along with  Increase in Volume and Decline in Open Interes. NNI suggests that Nifty has find support @ its 20DMA and move to Upper Price Band From Here.5600 Sep Calls seenhuge interest among Options Traders.
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