NSE NIFTY Analysis – January 04, 2009

S&P CNX NIFTY closed up  31.600 at 5,201.050.  Volume was 20% below average (neutral) and Bollinger Bands were 34% narrower than normal.
Mudgal Crash Oscillator







Technical Outlook
Short Term:          Overbought
Intermediate Term:   Bearish
Long Term:           Bullish






We are only interested in a long position.
The momentum is up.
The upward momentum is accelerating.
If not already long this is a good place to look [...] http://digg.com/u1JIap