Friday, November 26, 2010

NIFTY NEXT-Nifty EOD 26 Nov 2010 Technicals Analysis

Nifty-Spot today ended at 5751.95 with a Fall of -0.8%.It has formed a Black Candle on Daily price chart pattern. ALL major TEchnicals Indicators are still in Sell-Zone, while the W%R has given the new Hope for Bulls, which is supported by Centre of Gravity  also. As per  NNI-Nifty Next Indicators, which also declined by -44.0% to the level of +4.90, declined with Huge Open-Interest and Volume.NNI suggest a Some Pain is left there for bulls, sitting on the Verge of Bounch-Back.

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