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12/16/09

NSE NIFTY Analysis – Dec 16, 2009

S&P CNX NIFTY closed down -72.650 at 5,033.050. Volume was 18% below average (neutral) and Bollinger Bands were 53% narrower than normal.





Mudgal Crash Oscillators

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 [...] http://digg.com/u1I78E

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