Nifty-Spot today (15Nov2010) ended at 6121.60 with a handsome gain of +08% after a perfect Bounch-Back from its lower level 6039.40, as per our Analysis. It has formed a Bullish Harami on Daily Price Chart. All Major Indicators are still in Sell-zone. Our NNTF is also not moving Upward.FII has sold in Equity Segment of -683.20 Cr. Its impact will be seen 2Days later when Pay-In & Out are completed and We are Hoping that this will Drag the Index to 5700/5800 level in Coming Days.
As Per NNI-Nifty Next Indicator which gains by +21% along with increase in Open-Interest and Decline in Volume , is now Trading at +11 % suggest a Positive Trading session for Index on Next Trading Session or A Sell-Off from Higher Level.6261 will be the Strong Resistance for Nifty.
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