Wednesday, September 15, 2010

NIFTY NEXT- Nifty EOD 15 Sep 2010 Technical Analysis (Correction Ahead )


Nifty Today(15 Sep 2010) closes at 5860.95 with a handsome gain of +1.10% with formation of a Long White Candle  on Daily Price Chart. Major Momentum Indicators like PPE (Trading @ +78.97) & CMI(Trading  @ +34.08) shows a Bullish Sign for Nifty. Our Nifty Next Trend Finder is in  Up-Trend now.Our Market Sentiments Indicator- NNI- Nifty Next Indicators today(15 Sep 2010) turns into Negative at -0.35%  with a decline of -100%, along with Increase in Open-Interest and Decline in Volume.NNI indicates a Flat to Negative Trading Sessions for Nifty on Next Trading Session.Stochastic has also given  Negative Crossover on EOD Chart.

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