Saturday, October 16, 2010

NIFTY NEXT-Nifty EOD 15 Oct 2010 Technial Analysis (Bullish Foot Prints)


Nifty-Spot ended at 6062.55 with a huge decline of -1.90% after hitting Days’ High on Opening at 6200.60.It has formed a Long Black Candle on Daily Price Chart pattern. The Up Trend which started on 01/09/2010 is broken today, as per Our Nifty Next Trend Finder .Now Long Positions awaited can wait for Few more days to enter in Trades with around 5900/6000 levels. Our NNI-Nifty Next Indicators which gains by +60.0% , it is now trading at +13.60% along with Increase in Open-Interest and Decline in Volume, suggest a Bullish Trading session on Monday(18Oct2010) or a no-sell-off or Flat to Positive Trading Session.

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