Wednesday, October 20, 2010

NIFTY NEXT-Nifty EOD 20 Oct 2010 Technical Analysis (Bullish)

Nifty-Spot today (20Oct2010) ended at 5982.10 with a decline of -0.70% after high-off at 6038.10.It has formed a Small Black Candle on Daily price chart. Major Momentum Indicators are still in Sell-zone, while Stochastic has given Early signal of BUY.As Per Our NNI-Nifty Next Indicator which gains by +73% is now trading at +19.80% with increase in Open-Interest and Decline in Volume suggest a Bullish Trading Session for Next Day(21 Oct2010).6400 Call has seen huge Trading Activity in today’s Trading sessions.

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