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Nifty Report - April 17, 2008 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Thu Apr 17, 2008 9:36 am Post subject: Nifty Report - April 17, 2008 |
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Close: 4,887.2998
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Support < Support < [[Crucial]] > Resist > Resist
4,826.8994 < 4,857.0991 < [[ 4,904.2495 ]] > 4,934.4492 > 4,981.5996
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
•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 for a valid signal to buy.
Bharat Mudgal’s comments:
The NIFTY faces some resistance at 4970 and should move beyond this soon to reach up to 5090. On the downside, support exists at 4870 > 4803. Two out of the three crash oscillators are in the buy zone and we are positive on the market. |
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