Friday, December 24, 2010

NIFTY NEXT-Nifty EOD 24 Dec 2010 Technical Analysis


Nifty- Spot today ended  with a gain of +0.50% to the level of 6011.60, after Hitting Days ‘ Low at 5940.Nifty Bounch-Back from its Lower level as per Our Predictions ( Ref : http://www.niftynext.com/2010/12/nifty-next-nifty-trading-range-for-24.html ).Nifty has formed a Bullish Engulfing on Daily Price Chart. All Major Indicators are  still in  Bullish Zone. As Per Our NNI-Nifty Next Indicator which gained by +84.0% in today’s Trading session along with  increase in volume suggests a Positive Trading session on Monday(27Dec2010).6100CE & 6000PE has seen huge Trading Activity today. We Are still Holding Nifty Target of 6240 in Short-Term.


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