iCharts Discussions

[stockmode]

Close: 4,507.8501--------------------------------------------------------------------------------
Support < Support [[Crucial]] > Resist > Resist
4,429.7173 < 4,468.7842 < [[ 4,492.0171 ]] > 4,531.0840 > 4,554.3169
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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 upward.
The upward momentum is slowing.
This is an area to be cautious about placing a long entry, and if you are already long it might be time to tighten your stop.
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Bharat Mudgal's comments:

The NIFTY closed at 4507.85. The resistance exists at 4548. If NIFTY manages to cross it then a further upmove up to 4607 is likely. As of now, we do not think the trend will get negative. The only cause of concern is that the upward momentum has slowed down. On the downside, support exists at 4395 > 4379.

[nanchilvijay]

nifty fut 4456 <= 4473 <= 4483 <= 4500 => 4507 => 4523=> 4533=> 4550.

[nanchilvijay]

[/b] Market opened and made a high of 4519 and moved down 4471 but i alerted @ 4482 to buy after which slided to 4471 just to retrace back to 4495 this means 4495 is yesterday low made around 3:15 pm so tomorrow can be gap down beyond 4471. But let us wait and see.