Wednesday, December 8, 2010

NIFTY NEXT-Nifty EOD 08 Dec2010 Technical Analysis


Nifty-Spot today ended with Huge decline of -1.20% at 5903.70 after sliding starts from 5960.It has formed a Long Black Candle on daily price chart. All Major Technical Indicators has given Negative Signals. ie MACD, W%R,RSI & Centre of Gravity all are in negative zone. As per NNI-Nifty Next Indicators which declines by -35.0% is now trading at +5.70% long with decline in Open-Interest & Volume , suggest the Pain is still left.

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