Monday, December 6, 2010

NIFTY NEXT-Nifty EOD 06 Dec 2010 Technical Analysis

Nifty-Spot today ended with Flat note  at 5992.25 after hitting days’ High at 6069.45.It has  formed a Black Candle on Daily Price Chart. ECO, MACD  and Centre of Gravity are in Bullish zone. As per NNI-Nifty Next Indicators which declined by-56.0% today , is now trading at +2.40% with increase in volume and Open-Interest, suggest that the Up-Trend is Still Intact and we may see the Index at Higher levels in coming days.6300 Call & 6100 Put was most active today .we are Still maintain our Short-Term Nifty Target 6240.

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