Tuesday, December 14, 2010

NIFTY NEXT-Nifty EOD 14 Dec2010 Technical Analysis


Nifty-Spot today ended at 5944.10 with a gain of +0.6%, above its 20DMA of 5912 .It has formed a Bullish Hammer on  Daily price chart .   After a Long Period of Time NNTF-Nifty Next Trend Finder has Tuned Positive today on EOD Chart. As per our NNI-Nifty Next Indicators which is declined by -32.50% today ,  is now ranging at +6.25% , along with Increase in Open-Interest & Decline in Volume. NNI suggesting that Tomorrow  Nifty may see some downslide and then Recovering in Later Stage. 

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