Tuesday, January 4, 2011

NIFTY NEXT-Nifty EOD 04 Jan 2010 Technical Analysis


Nifty-Spot today ended  with a fall of -0.2% at 6146.35 after Hitting days’High at 6181.05 as per Our predictions.Nifty has formed a Black Candle on Daily Price Chart on Daily Price Chart.Volatility Skew is Moving Upward for Calls and Downwards for Puts,  indicating Positive Under-current for This Month.All Major Technical Indicators are in Positive zone.As per NNI-Nifty Next which declined by -42.0% in today’s Trading Session  along with increase in Open-Interest  & Volume, suggest a Negative to Flat/Positive Trading Session for Tomorrow(05Jan2010).Banking Sectors will perform Well Tomorrow. 

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