Wednesday, February 16, 2011

NIFTY NEXT- Nifty EOD 15 Feb 2011 Technical Analysis

Nifty-Spot today ended at 5481 with a gain of +0.50% with formation of a Hammer on Daily Price Chart. It Traded well within our Trading Range as suggested in Morning (5425-5470).As per Volatility Skew of Nifty Options, VS for Puts are Declining while It is rising for Calls, indicates Bullishness in Indian Equity Market.It also suggest the Nifty Trading Range 5400-5900 in Coming months. On Technical Fronts, all major momentum indicators are in bullish Zone now. MACD,ECO, Fisher & UCI has given positive crossover on daily price chart. Banking and  Constructions Stocks will Perform Well on 16 Feb 2011.

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