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Nifty + Stocks Report - April 04, 2008 |
stockmode
White Belt
Joined: 08 Jan 2007
Posts: 79
Location: indore, india
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Post: #1  Posted: Fri Apr 04, 2008 12:34 am Post subject: Nifty + Stocks Report - April 04, 2008 |
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4/4/2008
Close:4772
Support 2 < Support 1 < [ Crucial ] > Resistance 1 > Resistance 2
4785 < 4728 < [ 4781] > 4824 > 4877
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Technical Outlook
Short Term Neutral
Medium Term Down
Long Term Down
* We would only look for a signal to sell.
* The momentum is Downward.
* The downward momentum is Accelerating.
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Bharat Mudgal's Comments: Users have been kept informed that the "Mudgal Crash Oscillator - Fast" is in a BUY zone and signals short term upmove. However, the "Mudgal Crash Oscillator - Slow" is in the SELL zone which indicates that the up move, if any, should be used to reduce position. Users following this strategy must have had good profit. Moving ahead, the Fast Crash Oscillator is still in the BUY zone and again, the up-move, if any, should be used to reduce position. Nifty will face resistance at 4910 and major resistance is at 5005. Support is at 4611.
Buy LANCO INFRA(421) upto 404 tar 433 > 440 > 482 stopLoss 382
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Buy CHENNAI PETRO(298) upto 289 tar 303 > 309 > 316 stopLoss 280 |
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