Thursday, October 21, 2010

NIFTY NEXT-Nifty EOD 21 Oct2010 Technical Analysis (Bullish On 22 Oct2010)


Nifty-Spot today ended at 6101.5 with a Handsome gain of +2.0% and closed above its 20DMA of 6092.It has formed a Bullish Morning  Doji Star Candle on Daily Price Chart. Major Technical Indicators viz. ADX & MACD have given Positive signals on Chart. NNTF-NiftyNextTrend Finder is also moved Upward today. As Per Our NNI-Nifty Next Indicators which gained by +47.0% is now Trading at +28.80 level with Huge Volume, suggest a Bullish Trading session on Next Trading Day. 6400 Call & 5700 Put has seen huge Trading activity in Options segments.Nifty is now entered  into a Up-Trend in both Short & Mid Term. We are revising our Nifty Target upward to 6238/6475, achievable with 15 Trading Session.

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