Tuesday, September 28, 2010

NIFTY NEXT-Nifty EOD 28 Sep2010 Technical Analysis ( Still Bullish on 29 Sep2010)

Nifty Today (28 Sep2010) closes at 6029.50 with a mild decline of -0.10% after hitting the day’s Low at 5991.30. It has formed  a Hammer on Daily Price Chart. UCI-Universal Cycle Index- A Trend reversal Indicator has given today negative crossover, while PPE, ECO are still in Positive zone. MACD has also given negative cross-over. Our NNI-Nifty Next Indicator today gained by +70.0%  with Increase in Open –Interest & Volume & NNI is now at +62.0%, indicates a Postive Trading Session for Nifty in Next Trading Day within the Range of 6015/6042 as Support and Resistance.
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