NSE NIFTY Analysis – Jan 20, 2010

S&P CNX NIFTY closed down -49.200 at 5,225.650. Volume was 38% below average (neutral) and Bollinger Bands were 7% narrower than normal.
Mudgal Crash Oscillator






Technical Outlook

Short Term:Neutral
Intermediate Term:Bullish
Long Term:Bullish


The market is near to being balanced and the price might move in either direction.

The momentum is downward.

The downward momentum is accelerating.
In this situation we wait until [...]

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