Sunday, November 14, 2010

NIFTY NEXT-Nifty EOD 12 Nov2010


Nifty-Spot  ended at 6071.65 with a decline of -2.0%.It has formed a Long Black Candle on Daily price chart. NNTF- Nifty Next Trend Finder  & Schaff Trend Cycle , a momentum Indicators , also turned downwards on Daily Price Chart. Our NNI-Nifty Next Indicators which declined by -43.0%  is now trading at +9%, along with huge increase in Volume and Marginal increase in Open-Interest, suggest a Negative Trading Session in next week. Till NNI is Positive Zone there are chances of a Sharp Bouch-Back from lower level. 6023 will act a String Supportive level for Nifty on Monday Trading  session.

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