Monday, October 18, 2010

NIFTY NEXT-Nifty EOD 18 Oct 2010 Technical Analysis (Bullish On 19 Oct 2010)

Nifty-Spot today closed at 6075.95 with a marginal gain of -0.20% after Hitting day’s low at 5985.10.Nifty Has Bounch - Back as per Our technical analysis. Nifty has formed a Hammer   pattern on daily price chart. The  Major Momentum Indicators are still in  negative zone .The Short-term Trading Indicator is moving south-ward  indicating a great buying opportunity at lower levels at lower RSI value. Our NNTF-Nifty Next Trend Finder has started moving Upward.  A bullish sing for Traders. The Major Technical Indicators NNI- Nifty Next Indicators today gains by +105.0% and it is trading at +28.0% along with huge Open-interest and Volume, suggest a Positive Trading Session on 19 Oct 2010 and Possible a Gap-Up Opening in next Trading session.6400 Call is traded with huge interest. Nifty has now strong Resistance at 6104 for tomorrow. We Revised our Next Nifty Target Upward at 6298.
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