NSE NIFTY Analysis – Jan 08, 2010

S&P CNX NIFTY closed down -18.700 at 5,263.100.  Volume was 23% below average (neutral) and Bollinger Bands were 9% 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 [...]

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