Monday, October 25, 2010

NIFTY NEXT-NIFTY EOD 25 Oct2010 technical Analysis( Bulllish on 26 Oct2010)

Nifty –Spot  today(25Oct2010) ended  with a Positive note at 6105.8 with a   gain of +0.70%.It  closes above its 20DMA >6098.45 with formation of Bullish Hammer on daily price chart. All major Momentum Indicators are in positive  zone . As Per our NNI-Nifty Next Indicator which gaines  by +155.0%  is now trading at +61.0% along with increase in Volume and Open-Interest. We have revised  our Nifty Target ti the level of 6340.

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