| View previous topic :: View next topic |
| Author |
Nifty report - Oct 23, 2007 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
|
Post: #1  Posted: Tue Oct 23, 2007 9:42 am Post subject: Nifty report - Oct 23, 2007 |
 |
|
Close: 5,184.0000
[hr]
Support < Support [[Crucial]] > Resist > Resist
4,990.9331 < 5,087.4663 < [[ 5,167.4331 ]] > 5,263.9663 > 5,343.9331
[hr]
Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bullish
The market is near to being balanced and the price might move in either direction.
The momentum is downward.
The downward momentum is accelerating.
In this situation we wait until the price begins to follow the momentum, which is indicated by the price moving 5046 on the Price Chart. Be patient and wait for the price to move along with the momentum continuing downward.
Bharat Mudgal's comments:
The NIFTY is quite close to the immediate support of 5046. We need to watch if it breaks below it or sustains above it. This is a very crucial level for our charts. In the process of observing this level we might not give enough calls.
Stocks to Watch:
HDFC Ltd, Zee Tele, India Glycols, Nitco Tiles, Yes Bank. |
|
| Back to top |
|
 |
|
| |
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You cannot download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
