Friday, January 7, 2011

NIFTY NEXT-Nifty EOD 07 Jan 2011 Technical Analysis


Nifty-spot today falls into bears hand  and has seen huge fall of -2.4% and ended at 5904.6. It has formed a Long Black Candle on Daily Price Chart. NNTF-Nifty Next Trend Finder also today Turned negative today on daily basis. MACD, Schoff Cycle also turned downward, indicates a Trend Reversal. Volatility Skew for Nifty Call options are declined while it increases for Puts, also suggest a Bearish Trend in Coming days ahead. As per Our NNI-Nifty Next Indicator which declined by -58.0%  with huge  increase in volume and nominal increase in open-interest , does’t gives a Clear Trend. Nifty May find support around 5850 on Monday (10 Jan2011)

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

No comments:

Post a Comment

Thanks for Your Valuable comments. It will make Us to Serve You in Better Way. For Any STOCKS Query ,Please Call NiftyNext +91 880 2230 836.

Subscribe to: Post Comments (Atom)

Disclaimer

The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. www.niftynext..com does 't take any Responsibility for any losses arising from using the Stocks Recommendations.
We( WWW.NIFTYNEXT.COM) are not Registered with Any Regulatory Body in India ie SEBI,NSE,BSE,AMFI or Any Otheres.

Blog Archive