Saturday, September 25, 2010

NIFTY NEXT-Nifty Big Moves on Monday 27 Sep 2010 (6037.40)

Nifty on 24Sep2010 closes at 6018.30 with a handsome gain of +1.0% with formation of Bullish Engulfing Candle on Daily Price Chart   (Tweezer Bottom-A Reversal Pattern. With Other Reversal candles it could indicates a support level . Needs Confirmation)Major Momentum Indicators ie PPe,W%R are Negative while MACD & ECO are still in Positive zone. The Short Term of the Market is still not changed and it is in Bullish Zone.Our NNI-Nifty Next Indciators is gained by +55% and it is now trading at 16.50% along with increase in Open-Interest and Volume, support the Short-Term is Still Intact in Upper side. Opening /Trading of Nifty on 27Sep2010(Monday) at 6037.40 will make Bulls Happy and pave the way for 6132.

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