iCharts Discussions

[stockmode]

Close: 4,747.5498


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

Support < Support [[Crucial]] > Resist > Resist
4,703.4829 < 4,725.5161 < [[ 4,743.1831 ]] > 4,765.2163 > 4,782.8833

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

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:

Another high. Another round of fireworks was expected from the sugar stocks but we might have to wait for a few more days.We had been positive on the sugar sector but ironically we gave an intraday sell call on BANNARI AMAN sugar which gave a profit of about 30 Rs. Moving ahead, we are only sticking to dayTrading or very short term trading. A few stocks that we will be tracking are as under:

Security Name Close
RUBY MILLS 1215.2
JIK INDS 8.6
BLUECHIP STOCK 1.95
LCC INFOTECH 1.3


High Risk:
Security Name Close
WORLDWIDE LEATHE 28.25
RALLIS (I) 422.55
RADHE DEVELOPERS 20.07