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Nifty Report - April 03, 2008 + Stocks Report |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Thu Apr 03, 2008 9:43 am Post subject: Nifty Report - April 03, 2008 + Stocks Report |
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Close: 4,754.2002
Support < Support < [[Crucial]] > Resist > Resist
4,628.7666 < 4,691.4834 < [[ 4,804.1167 ]] > 4,866.8335 > 4,979.4668
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
*We would only look for a signal to sell.
*The momentum is downward.
*The downward momentum is accelerating.
*If already in this market we would take any valid sell signal. If no signals have been hit, we would watch for the first valid sell signal on the Price Chart.
Bharat Mudgal's Comments: The NIFTY has major support at 4585 and a break below this will be a reason to be cautious. On the upside, resistance exists at 4833 > 4938 > 5005. Only on a close above 5005 we should expect buying to come. The “Mudgal Crash Oscillator – Fast” is still in the Buy zone and the “Mudgal Crash Oscillator – Slow” is in the sell zone. This, once again, indicates that there could be an upmove which should be used to reduce position.
Buy GAIL (435) upto 424 tar 440 > 458 > 480 stopLoss 415
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Buy LIC HOUSING FIN (282) upto 275 Tar 288 > 300 > 310 StopLoss 260 |
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