Saturday, August 21, 2010

NIFTY NEXT- NSEIT INDEX ON NEXT WEEK 23-27 AUG 2010

NSE IT Index Closes at 6128.60 on Last Trading session(20Aug2010), down by -0.90%.It closes below its 20DMA level 6162, showing  weakness for IT Sectors.On Technical Chart MACD is showing weakness on (EOD Charts). It has Strong Support @ 6057/5750 level. The Polarized Fractial Efficiency  turns Negative along with another Short-Term Trend Reversal Indicators-Universal Cycle Index, applicable for 5-14 Days.The Nifty Next Indicator is also showing Weakness in Daily Charts.Going Short in NSE IT index for Target of  5994/5933 with Stopl-Loss at 6151/6218.Index Based IT Stocks Are also showing Weakness on daily Charts.
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