iCharts Discussions

[stockmode]

Close: 5,351.0000
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Support < Support [[Crucial]] > Resist > Resist
4,985.3330 < 5,168.1660 < [[ 5,452.4829 ]] > 5,635.3159 > 5,919.6328
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Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
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We are only interested in a long position.
The momentum is downward.
The downward momentum is accelerating.
This is an area where whiplashes can occur and we would wait until the close is at least below 5207 on the Price Chart before looking for a valid sell signal.
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Bharat Mudgal's comments:
All the users were sent a message during the market hours that nifty has shown weakness and that our crash oscillator has given a second sell signal. The market did crash after that. The crash-oscillator report has been mailed to all the users, if incase anyone has not received it then please send a mail requesting it at mudgalbharat@yahoo.com.
The NIFTY has major support at 5207 > 5027 and then 4342. We will not be interested in buying until the crash-oscillator gives a buy signal again.
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stocks to watch:
NIIT TECH, Infotech Enter, Bank of Rajasthan, triveni Engg, Lokesh Machines, Alembic, Shasun