Friday, December 10, 2010

NIFTY NEXT-Nifty EOD 10 Dec 2010 Technical Analysis


Nifty Spot today ended with huge gain of +1.60% to the level of 5857.35, with formation of a Long White Candle on Daily price chart. MACD  and other  known technical Indicators are yet to confirm the uptrend. As per Our NNI-Nifty Next Indicators which gained by +72.0%  today , is now trading at +6.90, along with decline in open-Interest and Volume, confines us from the next move.   

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