Monday, January 3, 2011

NIFTY NEXT-Nifty EOD 03 Jan 2010 Technical Analysis


Nifty Spot today ended at 6157.60 after hitting days High at 6178.It has formed a Long Black Candle on Daily price chart.Nifty has seen Selling from  Higher levels as per our Analysis ( Please Refer @ http://www.niftynext.com/2011/01/nifty-next-nifty-trading-range-for-03.html ).The Major Indicators are in Positive zone. Schaff Trend Cycle has Started moving Upward, is positive for the Index in  Mid Term. As per Our NNI-Nifty Next Indicators which declined by little -1.10% in today’s Trading Session along with increase in Open Interest and decline in Volume, suggest a Flat to Positive Trading session on Tomorrow(04 Jan 2010).We may see the Nifty at 6596 in Mid-Term. 

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