Tuesday, November 30, 2010

NIFTY NEXT-Nifty EOD 30 Nov 2010 Technical Analysis


Nifty-Spot today ended at 5862.70 with a gain of + 0.60%. It has formed a White Candle on Daily price chart. MACD and other momentum indicators are now given positive signal on daily charts. NNTF-Nifty Next Trend Finder is yet to give the Buy signal on charts. It  that Nifty may trade with great volatility. As per NNI-Nifty Next Indicator which gained by +69.0% is now trading at +5.0%, along with increase in Open-Interest & Volume after a long time. It suggests  a Positive Trading session in coming days. We have Revised our Nifty Target to 5929/6240 by Dec 2010 Expiry. 

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