Tuesday, October 12, 2010

NIFTY NEXT-Nifty EOD 12 Oct 2010 Technical Analysis

Nifty-Cash today (12 Oct2010) ends at 6090.90 with a fall of -0.70% after hitting day’s   low at 6057, with Formation of Bearish Engulfing Candle pattern on Daily price chart. Major Momentum Indicators like UCI, W%R & MA CD  are  in negative zone. The  NNI-Nifty Next Indicators today’s  turns positive by +25% and it is now trading  at +10.40% with marginal decrease in Open Interest .but increase in Volume, suggest a Positive Trading Session for Nifty tomorrow.6143 is very critical Resistance level for nifty now. 6500 Call has seen huge traders interest in today’s trading sessions.

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1 comment:

  1. Really Nice Blog and Very Good predictions and stock tips for today.

    I liked your blog and I would recommend it to my friends who do trading in nifty outlook.


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