Close: 3,985.2500

[hr]

Support < Support < [[Crucial]] > Resist > Resist

3,881.7502 < 3,933.5005 < [[ 4,022.1003 ]] > 4,073.8506 > 4,162.4502

Technical Outlook

Short Term: Neutral

Intermediate Term: Bearish

Long Term: Bearish

· We would only look for a signal to sell.

· The momentum is downward.

· The downward momentum is accelerating.

· If already in this market we would take any valid sell signal. If no signals have been hit, we would watch for the first valid sell signal.

Bharat Mudgal’s comments:

No buying signal yet. Support at 3790. Resistnace at 4045 > 4085 > 4130. Book atleast partial profit around 4130 ( if at al market moves up to this level ).