Wednesday, October 13, 2010

NIFTY NEXT- Nifty EOD 12 Oct 2010 Technical Analysis (Bullish)


Nifty-Spot Today ended at 6233.90 with a handsome gain of 2.30% after Hitting high of 6240. It has formed a Long White Candle on Daily Price Chart. Today All Major Momentum Indicators turns into positive zone I e W%R, MACD etc. Short Term & Mid-Term Bias Indicator also turns into Upward. Our NNI-Nifty Next  I ndicators which gains by +50.0% today closes at 15.60%, with  huge increase in Open-Interest & Volume, suggest a Positive Trading session for Index. We have now Revised our Nifty Upper Range Level to 6391 from 6317 today.

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