Wednesday, February 16, 2011

NIFTY NEXT- Nifty EOD 16 Feb 2011 Technical Analysis

Nifty-Spot today ended  flat at 5481.7 with formation of Small White Candle on Daily price chart. Momentum Indicators are in Bullish Zone. As per Volatility Skew of Nifty Options, VS is declining for Puts while it is rising for Calls. It suggests the Nifty Range 5400-5900/6000 in coming days. As per Our NNI-Nifty Next Indicators which gained by +182.0% in todays Trading session, is now at + 3.0% along with increase in Traders Interest & Decline in Volume suggest that Nifty will Trade with Positive Bias on 17 Feb 2011. Reliance will be Best Performer on 17 Feb 2011. 

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