Monday, February 14, 2011

NIFTY NEXT- Nifty EOD 14 Feb 2011 Technical Analysis


Nifty-spot today ended  with a handsome gain of + 2.7% to the level of 5456 with formation of a Gap-Up Opening & Three Outside Up Pattern Candle on Daily price chart. All Major Momentum Indicators now has given Positive Signals on Daily Price Chart. ECO,W%R, MACD all are now coming in Buy Zone. Centre of Gravity ,which  given Buy Signal 3 Trading Days earlier meets the Tempo today with huge surge in index. As per Volatility Skew of Nifty  Options, 5300 will act as a Strong Support and 5800 as a strong resistance in coming days. Nifty Will See Huge Selling on 15 Feb 2011.

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