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Nifty Report + Shr Renuka Sugars - March 27, 2008 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Thu Mar 27, 2008 9:55 am Post subject: Nifty Report + Shr Renuka Sugars - March 27, 2008 |
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Close: 4,828.8501
Support < Support < [[Crucial]] > Resist > Resist
4,746.2832 < 4,787.5664 < [[ 4,849.9331 ]] > 4,891.2163 > 4,953.5830
Technical Outlook
Short Term: Neutral
Intermediate Term: Bearish
Long Term: Bearish
• Close is Inside the Alligator which means that the market is near to being balanced and the price might move in either direction.
• The AO is Increasing (Green AO bar) which means that the momentum is up.
• The AC is Increasing (Green AC bar) which means that the upward momentum is accelerating. With both the AO and the AC increasing the Price Bar should also be Green.
• This is a place to be alert for placing a long position but make sure that there is a valid Fractal Buy Signal outside the Teeth (Red Line on the Price Chart).
Bharat Mudgal’s comments:
The market is neat to get balanced. The trend is yet to be decided. We will wait for a buy signal on the charts to take a long position. The NIFTY must close above 4990 to show strength. Resistance exists at 4857 > 4944 > 4990. Support is at 4477.
SHREE RENUKA SUGAR (950) : Buy LESS QTY upto 925 with target of 966 > 985 > 1045 stopLoss 880
"Most people get interested in stocks when everyone else is. The time to get interested is when no one else is. You can't buy what is popular and do well." |
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