iCharts Discussions

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I had to attach a file with this report but the MHT extension is not allowed, anyone who needs it may please send an e-mail for it. mudgalbharat@yahoo.com


Close: 5,524.8501
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Support < Support [[Crucial]] > Resist > Resist
5,385.4497 < 5,455.1494 < [[ 5,493.9497 ]] > 5,563.6494 > 5,602.4497
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Technical Outlook
Short Term: Overbought
Intermediate Term:Bullish
Long Term:Bullish
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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.
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Bharat Mudgal's comments:
A separate NIFTY Report has been attached with this report. Please take a look at it. The momentum which was downward till now has again turned upwards. What should we say, liquidity is driving the markets, but I think that the results will valuate the stocks well just like it happened to INFOSYS yesterday. on the NIFTY
the price has set a new 14-period high while our momentum oscillator has not. This is a bearish divergence.
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Stocks to Watch:
Jindal Drilling, AIA Engg, Voltamp, Sterlite Inds, M&M, Pantaloon Retail