Nifty-Spot today seen Huge Selling from Higher levels as per Our Technical Analysis and closes near our level 5600 to match the level at 5604.3 with a falloff -1.5%. It has formed a Three Out Side Down Candle Pattern on daily price chart. As per Volatility Skew of Nifty Options, we are Expecting a Bounch-Back on tomorrow 28 Jan 2011.As per Our NNI-Nifty Next Indicators which gained by huge +915% is now Trading at +5.5%, along with decline in Traders Interest and increase in volume suggests that Worse it is yet to be over. If Nifty-spot closes tomorrow on or above 5646 level , then we see Bullishness. Momentum Indicators are not showing Strength on Technical Charts. Bank Stocks will perform well on tomorrow.
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