Tuesday, September 7, 2010

NIFTY NEXT- NIFTY EOD 07 SEP 2010 TECHNICAL ANALYSIS

Nifty today(07Sep2010) clsoes at 5604 with a modest gain of +0.50% It closes above its Futures Sep 10 serices to 5585.30 with formation of a White Candle on Daily Price Chart. Our NNI-Nifty Next Indicators today seen fall and it is now at -3.50%.It menas the next trading session Nifty will see Sell-Off.The Well Known Momentum Indicators viz. ECO, PPE, CMI has given Postive Cross-Over on Daily Chart. MACD has turned into Green zone in last Trading Session and it continues to be in Postive today.Nifty can now move to the levels of 5804.
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