Monday, November 29, 2010

NIFTY NEXT-NIFTY EOD 29 Nov2010 Technical Analysis

Nifty-Spot ended  today with huge gains of +1.4% after thrashing the Bears at 5830.It has formed a While Bullish Candle o n Daily price chart.Centre of Gravity, which has given 3 days back the Positive sing, now today confirms the Bulls Move.All major Technical Indicators are still in  Sell-Zone. NNTF is yet to favour the bulls. As Per NNI-Nifty Next Indicator which today declined by -39.0% along with increase in open-interest and decline in Volume, in this rising Day,Puts Traders on Caution Mood.NNI is suggesting a Sudden Sell-Off from higher can’t be ruled out in tomorrow’s Trading session.  

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