iCharts Discussions

stockmode · Posted: Mon Sep 24, 2007 9:23 am Post subject: Nifty Report - Sept 24, 2007

Close: 4,837.5498

--------------------------------------------------------------------------------

Support < Support [[Crucial]] > Resist > Resist
4,686.9834 < 4,762.2666 < [[ 4,808.9834 ]] > 4,884.2666 > 4,930.9834

--------------------------------------------------------------------------------

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bullish

--------------------------------------------------------------------------------

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:

It was most of the reliance stocks that moved the market up. Moving ahead, all the indicators are pointing upwards. However, taking a fresh entry at this level calls for caution. On the downside, major support exists at 4530.
The stocks which we are watching today will be mailed to the subscribers.