Thursday, December 16, 2010

NIFTY NEXT-Nifty EOD 16 Dec2010 Technical Analysis

Nifty-Spot today Traded within our Trading Range and ended at 5948.75 with a Hand some gain of +1.0%. It has formed a White-Bullish Candle on Daily price Chart. Major Technical Indicators  ie Eco, MACD and Centre of Gravity has given Positive Cross-over on Charts. NNTF has also given positive cross-over on the Chart with Huge Voulme  increase. As per our NNI-Nifty Next Indicators which gained by Huge +590.0% in today’s Trading session , is now trading at +8.0% along with Increase in Volume and Decline in Open-Interest. NNI  suggest a Positive Trading session Ahead. We have Revised our Nifty-Spot Target to 6217 for Short Term.

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