Thursday, January 20, 2011

NIFTY NEXT-Nifty EOD 20Jan 2011 Technical Analysis

Nifty-Spot today trades as per our analysis and Bounched –Back from lower levels to close at 5711.60 with a gain of +0.4%. It has formed a While Candle on Daily price chart. Momentum Indicators are  Gaining  Momentum .Centre of Gravity has  confirmed the up-move  . As per Volatility Skew, the Calls are gaining momentums while puts are losing the same. VS for Jan series Calls are Flat today and it shows 5700 will be strong Support & 6200 Strong Resistence by March 2011 for Nifty. As per NNI-Nifty Next Indicators which gained by huge +500% along  with increase in volume and modest decline in open-interest, is now trading at +6.10% suggest a Positive Trading Session for Nifty on 21 Jan 2011. Banking Stocks will Perform well on 21Jan2011.
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