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Nifty + Stocks Report - Sept 26, 2007

 
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Author Nifty + Stocks Report - Sept 26, 2007
stockmode
White Belt
White Belt


Joined: 08 Jan 2007
Posts: 79
Location: indore, india

Post: #1   PostPosted: Wed Sep 26, 2007 8:58 am    Post subject: Nifty + Stocks Report - Sept 26, 2007 Reply with quote

Close: 4,938.8501


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Support < Support [[Crucial]] > Resist > Resist
4,847.8833 < 4,893.3667 < [[ 4,923.6333 ]] > 4,969.1167 > 4,999.3833

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

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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.

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Bharat Mudgal's comments:

The sensex is near the psychological resistance level of 17000. THe journey above it might not be easy and traders/investors will be lured to news, rumours and tips. It is advisable to be very careful and not believe in such tips plainly. Instead, do some research and then take any position. The low priced stocks are the ones that may take away all the hard earned money in the coming days. Just be careful.
Stocks to Watch :
Subhash Projects, Kojam Finvest, Bajaj hind, Guj Alkalies, Nelco
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