NSE NIFTY Analysis – Jan 28, 2010

S&P CNX NIFTY closed down -154.800 at 4,853.100. Volume was 22% above average (neutral) and Bollinger Bands were 4% wider than normal.







Technical Outlook

Short Term:Oversold
Intermediate Term:Bearish
Long Term:Bullish


We would only look for a signal to sell.

The momentum is downward.

The downward momentum is accelerating.

If already in this market we would take any valid sell signal. If [...]

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