NIFTY NEXT-Nifty EOD 26 Oct 2010 Technical Analysis (Bullish On 27Oct2010)

Nifty –spot today (26Oct2010) ended with a decline of -0.4% to the level 6082,below its 20DMA at 6101.07.It has formed a Bearish Engulfing on Daily Price Chart. Major Momentum Indicators , such as Centre of Gravity, UCI & MACD are now in Buy Zone, while  Schaff Trend Cycle is moving south-ward. As per our NNI-Nifty Next Trend Finder which gains for 2^nd day by +30% is now trading at +79 level, along with increase in Open-Interest & Decline in volume.NNI is now suggesting a Bullish Trading Session for Nifty Index on Tomorrow 27 Oct2010.Our Nifty Target 6340 is still intact.

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FII Data Updates for 26 Oct 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 26/10/2010 3080.40 1942.30 1138.10 867.40 478.30 389.10 25/10/2010 3878.80 2499.80 1379.00 1428.40 1677.00 -248.60 22/10/2010 3630.30 2653.80 976.50 490.70 672.60 -181.90 21/10/2010 3103.10 2292.00 811.10 29.90 642.40 -612.50 20/10/2010 3329.10 2988.10 341.00 427.70 869.60 -441.90 19/10/2010 4166.30 3350.60 815.70 485.50 822.90 -337.40 18/10/2010 2922.00 2268.00 654.00 1007.30 1692.70 -685.40 15/10/2010 5492.00 2597.80 2894.20 666.00 486.90 179.10 14/10/2010 6718.60 3618.20 3100.40 224.20 956.60 -732.40 13/10/2010 3092.50 2392.40 700.10 313.30 537.00 -223.70 Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT-Nifty Trading Range for 26 Oct 2010

Nifty-Spot today (26Oct2010) may Trade with flat to Positive note within the Range of 6099-6160. 20DMA which is now at 6099 will act as a Strong support for Index. The Centre  of Gravity of Index has given Buy signal on Daily Price Chart with Upper Target for Nifty 6340. As per Our NNI-Nifty Next Indicator which gains by +55.0% , is now at +61.0% supported by huge open-interest & Volume. Our Nifty Next Trend Finder (NNFT)is also moving Upward.NNI  suggest a Positive ( sudden Up-ward move from lower level)Trading Session for Today.

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