S&P CNX NIFTY closed up 22.650 at 5,134.650. Volume was 14% below average (neutral) and Bollinger Bands were 54% narrower than normal.
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
We are only interested in a long position.
The momentum is downward.
The downward momentum is accelerating.
This is an area where whiplashes can occur and we would wait [...] http://digg.com/u1HrLT
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12/11/09
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