iCharts Discussions

stockmode · Posted: Tue Oct 16, 2007 9:24 am Post subject: Nifty Report - Oct 16, 2007

Close: 5,670.3999
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Support < Support [[Crucial]] > Resist > Resist
5,328.2329 < 5,499.3159 < [[ 5,590.9829 ]] > 5,762.0659 > 5,853.7329
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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:
Yet another strong upmove! There seems to be no stopping to the NIFTY although it is quite overBought. Investors/traders should be careful and maintain a strict stopLoss. The first major support is now left too far behind around 5070.
stocks to watch:
ENETGRA, NILKAMAL, SESA GOA, INFO EDGE, CENTURY TEXTILES