Sunday, December 19, 2010

NIFTY NEXT-Nifty on the Next Week Move 20-24Dec2010

Nifty-spot is Bullish on Weekly Price chart. It has Formed a Bullish Hammer Candle on Weekly Charts. Nifty is in Up-Trend on Daily and Weekly Chart while it is Yet to be In Up-Trend on Monthly chart. All Our Major Momentum Indicators are in Positive Trend .Centre of Gravity, NNTF-Nifty Next Trend Finder and ECO are in Uptrend on Weekly Price Chart. Nifty May Trade within the Range of 5854-6193 in the next week with positive bais. Trading And Closing above 6000 mark will make the Nifty in Super Bullish Zone as per our NiftyNextPrice ForecasterIndicators. Textile,Software,Metals,Agri-Inputs and Sugar Sectors will perform positively whereas Cements Sector will Trade with negative bias.  

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