Nifty-Spot today (16Nov 2010) ended with Huge Decline of -2.2% to 5988.70.It has formed a Bearish Engulfing Candle on Daily Price Chart. All Major Momentum Indicators are In Sell-zone. NNTF is also Down and moving South-ward. As Per NNI- Nifty Next Indicator which is down by -62% in today’s Trading session , is now Trading at mere +4.23% along with increase in Open Interest and Volume. We are in Short-Term Correction Phase till NNI is Positive and A sudden Bounch-Back is possible at any Moment.6001 is very important for Nifty. Let the Index to Trade and Hold the 6001 in Next Trading sessions.
Call NiftyNext # 880 2230 836 For Paid Calls. Know More About Your Packages For Best Performance in Stocks Markets @ http://bankniftynext.blogspot.com