Monday, October 11, 2010

NIFTY NEXT-Nifty EOD 11Oct 2010 Technical Analysis


Nifty(Cash) today  ended at 6135.85 with a gain of +0.50%.It has formed a Inverted Hammer on Daily Price Charts.The Short Term Trend  is moving Upward, while the Well Known Momentum Indicators are turning Negative viz Macd. UCi & ECO the market Cycle Indicators have given negative crossover.Our NNI-Nifty Next Indicators today is Trading at -8.40% with a decline of -6.80%   along with decline in Open-Interest and Volume. 6200Put is traded with huge interest amongst traders. Nifty now strong Resistance at 6106 on Intraday basis.

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