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12/14/09

NSE NIFTY Analysis – December 14, 2009

S&P CNX NIFTY closed down -17.350 at 5,117.300.  Volume was 16% below average (neutral) and Bollinger Bands were 55% 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 downward.
The downward momentum is accelerating.
This is an area where whiplashes can occur and we would [...] http://digg.com/u1I0xW

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