Thursday, January 6, 2011

NIFTY NEXT-Nifty EOD 06 Jan2010 Technical analysis


Nifty-Spot today broken our Crucial  Support Level of 6072 and closes with a Fall of -0.50% to 6048.It slides  since its opening after hitting high of 6116.15.It has formed a Long Black Candle on Daily Price Chart. All major Momentum  Indictors are showing Weakness on  Daily price Chart. HULL 9Day EMA has given a Dead Crossing. As per Our NNI-Nifty Next Indicators which gained by marginal +3.60% in today’s Trading session , is now at +7.0%, indicates a Flattish Trading Session for Tomorrow (07 Jan2011).Volatility Skew of Calls are down Drastically while it is Flat for Puts.6100CE has seen huge open-interest accumulations. If nifty-spot tomorrow breaks support at 6033  , then we may see the Nifty at 5885 By January 2011 Expiry .
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