NSE NIFTY Analysis – Jan 07, 2010

S&P CNX NIFTY closed up   3.900 at 5,281.800.  Volume was 8% below average (neutral) and Bollinger Bands were 13% narrower than normal
Mudgal Crash Oscillator






Technical Outlook
Short Term:          Overbought
Intermediate Term:   Bullish
Long Term:           Bullish

We are only interested in a long position.
The momentum is upward.
The upward momentum is slowing.
This is an area to be cautious about placing a long [...]

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