Nifty-Spot today ended with a decline of -0.20% at 5998.10 after hitting the days’ High at 6045.It has formed a Small Black Candle on daily price charts. MACD is turned Red /Negative Today. All Major Technical Indicators have Started showing some Weakness from the higher levels. As per Our NII-Nifty Next Indicators which gained by +7.70% in today’s Trade is now trading at +28.0% along with marginal decline in Volume and Open Interest. Volatility Skew Index is rising for 6300 CE for Jan11, indicating a Positive Bias for the market in Mid –Term.5900Ce & 6000Pe has seen huge open-interest Rise and Decline respectively. Tomorrow Nifty Must close above 5995 to make the Trend Unbroken for Short-Term.
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