iCharts Discussions

[stockmode]

Close: 4,302.6001

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Support < Support [[Crucial]] > Resist > Resist
4,152.3330 < 4,227.4658 < [[ 4,268.7329 ]] > 4,343.8657 > 4,385.1328

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

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The market is near to being balanced and the price might move in either direction.
The momentum is up.
The upward momentum is accelerating.
This is a place to be alert for placing a long position but make sure that there is a valid Buy Signal above 4350.

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Bharat Mudgal's comments:

The NIFTY is very crcially poised. In the previous NIFTY report it was mentioned that the momentum has turned upward and is accelerating up. Now we need to see if NIFTY crosses 4350 and sustains above it. If it does then we will start looking for short term BUY opportunities. For today, we are watching the following stocks for strong moves. We will track these stocks on in intraday basis to find buy/short opportunities: Titan, Voltamp, JPAssociates, IndiaBulls Financial, IndoTech Transf, Peninsula, NIIT Tech, KLG SYStel, McNally