NSE NIFTY Analysis – April -7, 2010
S&P CNX NIFTY closed down -2.400 at 5,366.000. Volume was 23% below average (neutral) and Bollinger Bands were 25% narrower than normal.
Mudgal Crash Oscillator
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:
Our trading systems did not give a sell signal till now. The NIFTY made a high of 5388. However, the NIFTY is overbought and our Short-Sell indicator may soon give a sell signal. If you want to purchase our short-sell trading system then please check the details at http://stockmode.com/markets/metastock-system/
Moving ahead, The mid-term NIFTY momentum is upward and will remain up till the NIFTY is closing above 5158. Short term resistance exists at 5380 and support is at 5335.
Below is the chart on our Intraday-trading system. If you want to purchase the trading system, then please send a mail to bharatmudgal@stockMode.com
Category: Market Trend Report
About the Author (Author Profile)
I am the research analyst at stockMode Networks. If you have reached this website then you must be interested in the Indian Stock Markets. Explore the posts published here and feel free contact me at any time.Subscribe
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