Tuesday, January 11, 2011

NIFTY NEXT-Nifty EOD 11 Jan 2011 Technical Analysis


Nifty Spot today ended with a marginal  decline of -0.20%  after Hitting our Target of 5800 at 5754.10 Nifty has formed a Small Black Candle on Daily Price Chart. Moment Indicators are yet to move up. Volatility Skew of Puts are down for Near Month while it is up for Next 2 Months. V-Skew for Calls for Jan 2011 turns Upward today, indicates a Positive Trading Sessions. As per NNi-Nifty Next Indicators which gained by huge+ 400% along with increase in volume and marginal decline in open-interest, indicates a Bounch-Back from Lower levels on tomorrow (12 Jan 2011) in Nifty.

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1 comment:

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