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Nifty report - Oct 17, 2007 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Wed Oct 17, 2007 9:37 am Post subject: Nifty report - Oct 17, 2007 |
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Close: 5,668.0498
[hr]
Support < Support [[Crucial]] > Resist > Resist
5,521.7173 < 5,594.8843 < [[ 5,651.6172 ]] > 5,724.7842 > 5,781.5171
[hr]
Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish
[hr]
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:
Two days back we mailed the special nifty report with an attachment about the crash-oscillator. In it I wrote "although the crash-oscillator has signaled strong downside but I wonder why the market has not moved down substantially yet". So, it is going down today and the reason is said to be the PNotes. We could yet again predict the crash with the crash-oscillator. Major support for NIFTY is at 5150 > 4970 > 4335. |
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