Friday, October 1, 2010

NIFTY NEXT-Nifty EOD 01 Oct 2010 Technical Analysis

Nifty Today (01Oct2010) closed at 6143.40 with a Huge Gain of +1.90%.It has formed a Long White Candle on Daily Price Chart. Nifty has crossed our Short-Term Target of 6132 today. All  major Momentum  Indicators i e. W%R, MACD, ECO has turned Positive today. Our Short Term And Mid-Term Trading Index has started gaining  momentum. As Per our NNI-Nifty Next Indicators analysis, which is at +7.30% with a gain of +850.0% along with decline in Open-Interest and Volume, suggest a Positive Trading session for Nifty on Next Trading session. WE HAVE REVISTED OUR NEXT NIFTY TARGET TO 6317 FOR THE NEXT 2 WEEKS
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