Thursday, February 17, 2011

NIFTY NEXT- DJ Industrial Average EOD 16 Feb 2011 Analysis


DJ Industrial Average ended with modest gain of +0.5% to the level of 12288.2 with formation of a Bullish Engulfing candle on daily price chart. All major Momentum Indicators are in  oversold zone. RSI is in extremely oversold zone. Centre of Gravity has given early sing of Weakness o n daily price charts.
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