NIFTY NEXT-Nifty EOD 29Dec2010 Technical Analysis

Nifty-Spot today ended with a huge gain of +1.10% at 6060.35 in line with our analysis. It has formed a Long White Candle  on Daily Price Chart. All Major Momentum Indicators are now in Buy-Zone. NNTF again moved Upward today. Volatility Skew is Up for Calls whereas  Down for Puts. It  is Highest for 6200 CE Jan11 @ 17.97 and lowest for 6400CE Jan11.It indicates a Positive move for the Index in coming days. As per Our NNI-Nifty Next Indicators which declined by -6.80% today , it is now trading at +51.0%, along with huge increase in volatility and marginal increase in Open-Interest. Our Nifty next Target 6240 is still Intact for Short Term.

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FII Data Updates For 29 Dec 2010

(Rs. in Crores)

Reporting Date Equity Debt Gross Purchases Gross Sales Net Invest. Gross Purchases Gross Sales Net Invest. 29/12/2010 1397.90 1248.50 149.40 1253.70 1299.10 -45.40 28/12/2010 1061.10 794.80 266.30 1171.10 1211.40 -40.30 27/12/2010 1233.00 1197.40 35.60 1212.80 328.00 884.80 24/12/2010 1496.20 1596.10 -99.90 940.20 655.80 284.40 23/12/2010 2403.00 2426.60 -23.60 1036.40 992.70 43.70 22/12/2010 3066.30 2841.70 224.60 477.90 742.80 -264.90 21/12/2010 3047.40 3079.90 -32.50 520.60 978.90 -458.30 20/12/2010 3220.20 3333.60 -113.40 861.10 449.20 411.90 Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com

NIFTY NEXT-Nifty Trading Range for 29 Dec 2010

Nifty-spot today may Trade with Negative to Positive note within the Range of 5985-6030.Index is at very crucial and trying to find Direction ahead of Dec Series Expiry. As per NNI-Nifty Next Indicators which gained by +100.0% in last Trading session , along with increase in Open-Interest and modest Decline in Volume, suggest a Positive Trading Session. If Nifty Holds and Trades above 6030 then 6057 we may see on Intraday Basis Today. India Cement is Looking good On Technical Charts. Accumulation will be a profitable Trade in India Cement.

Call NiftyNext # +91-880 2230 836 For Paid Calls or Email at MAIL@NIFTYNEXT.COM Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com