Monday, August 30, 2010


Nifty today(30aug2010) closes at 5415.45 with marginal gain of +0.10%, with formation of a Small Black Candle on daily Price Chart.It finds support to its 50DMA at 5397 today and trading above its Mid-term Support Level of 5412.Our NNI-Nifty Next Indicators today turns Postive and it is at +2.35%, increased by +70%.The Major Technical Indicators PPE & Macd turns Postive while UCI-Universal Cycle INDEX IS still  down.  5600/5700Call & 5300Put has seen huge activity in today's Trading. Nifty may find support from this level and move Upward in coming days as FII are still Buying.
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