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S&P CNX NIFTY (NSENIFTY)

as on 3/12/2010

 

S&P CNX NIFTY closed up   3.6 at 5,137.000.  Volume was 28% below average (neutral) and Bollinger Bands were 9% wider than normal.

 

 

 

Open

Close

High

Low

Volume

Recommendation

S&P CNX NIFTY

5131.80

5137.00

5158.10

5122.10

152561760

 BUY

 

Technical Outlook

Short Term:          Overbought

Intermediate Term:   Bullish

Long Term:           Bullish

S&P CNX NIFTY is currently 7.2% above its 200-period moving average and is in an upward trend.  Volatility is extremely low when compared to the average volatility over the last 10 periods.  There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future.  Our volume indicators reflect moderate flows of volume into NSENIFTY (mildly bullish).  Our trend forecasting oscillators are currently bullish on NSENIFTY and have had this outlook for the last 7 periods.    The security price has set a new 14-period high while our momentum oscillator has not.  This is a bearish diver

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Disclaimer :-   we advices users to check with certified experts before taking any investment decision