S&P CNX NIFTY (70001247)
as of 10/31/2008
S&P CNX NIFTY closed up 188.550 at 2,885.600. Volume was 100% above average (neutral) and Bollinger Bands were 106% wider than normal.
Technical Outlook
| Short Term | Neutral | |
| Intermediate Term | Bearish | |
| Long Term | Bearish | |
Support < Support < [[Crucial]] > Resist > Resist
2,609.3667 < 2,747.4834 < [[ 2,834.4167 ]] > 2,972.5334 > 3,059.4668
 | We are only looking for a signal to sell. |
 | The momentum is up |
| The upward momentum is accelerating |
| We would be hesitant to enter this market at present because we are only looking for a signal to sell but Momentum and Acceleration are both up. We would most likely stand aside in this situation until we have a valid buy signal. |
Bharat Mudgal�s Comments:
The markets may move up as teh global markets are quite high. The resistance to this upmove exists at 3113 > 3189 and support is at 2810.
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