NSE NIFTY Analysis – Jan 11, 2010

S&P CNX NIFTY closed down -18.350 at 5,244.750. Volume was 14% below average (neutral) and Bollinger Bands were 6% 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 entry, [...]

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