Friday, August 27, 2010
NIFTY NEXT- NIFTY EOD 27 AUG 2010 TECHNICAL ANALYSIS
NIFTY today (27Aug2010) closes at 5408.70, down by -69.20 points(1.1%).It was Traded with Avg Rate of 5449.91 with Open Interest of 346 Lacs with formation of a Black Candle on Daily Price Chart.Our NNI-NIftyNext Indicators today turns Postive by +225% and NNi is at +1.5%, with increase in OPen Interest and Decline in Volume, indicates a Bounch-Back from Lower Level.Mainly from Its 50DMA.5600/5700Calls and 5100Put was Traded with huge Volume.
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NIFTY NEXT-BANK NIFTY-1M EOD 27 AUG 2010 TECHNICAL ANALYSIS
BANK NIFTY-1M today(27Aug2010) closes at 10741.70, down by -2.20% with formation of Long Black Candle on Daily Price Chart.It was traded today at Average Rate of 10844.90 with Open-Interest of 2495050 and finds support to its 20DMA at 10699. It has strong support at 10393.
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NIFTY NEXT- CNX IT-1M EOD TECHNICAL ANALYSIS
CNX IT-1M today (27Aug2010) closes at 6013.8 with a negative bias , down by -1.70%.It was traded with Average Rate at 6026.98 with Open Interest of 11450.CNX IT-1M has formed a Black Opening Marubozu Cnadle Pattern on Daily Charts with all Major Technical Indicators giving Negative signals. MACD is Down along with UCI-Universal Cycle Index annd PPE.
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