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Nifty Report - April 1, 2008 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Tue Apr 01, 2008 9:51 am Post subject: Nifty Report - April 1, 2008 |
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Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
Momentum: Up
Speed: Slowing Down
This is an ambiguous market, so be patient and wait for the market to determine it's own direction and then follow the market.
Bharat Mudgal's comments:
The NIFTY will show some strength only when it closes above 4962. In yesterdays report we clearly said that there could be an upmove but one should not buy unless and until the slower crash oscillator also gives a buy signal. Users reading the report carefully must have avoided buying any stock and must have been spared by the downfall. Moving ahead, the faster crash oscillator is still in a buy mode ( please note that it does not consider the price movement ) and we are waiting for the slower crash oscillator to give a buy signal. Nifty has major support at 4535. |
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