Monday, December 20, 2010

NIFTY NEXT-Nifty EOD 20 Dec 2010 Technical Analysis

Nifty-Spot Today Ended at 5957.05 with flat note. It has formed a Small White Candle on Daily price Chart. All Momentum Indicators are Positive on charts. ECO, NNTF,MACD and Centre of Gravity  all in Up mood on Chart. As per Our NNI-Nifty Next Indicators which declined by -7.0% today is now trading at +7.50% along with  decline in volume & Increase in open-interest, Suggest a Flattish Trading session or Sell-off from higher levels. We are still  maintain the Nifty Target of 6240. 6300 Call and 5900 Put was most active today.  

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