Close: 3,606.6001
Support < Support < [[Crucial]] > Resist > Resist
3,429.7668 < 3,518.1836 < [[ 3,625.4167 ]] > 3,713.8335 > 3,821.0667
Technical Outlook
Short Term: Oversold
Intermediate Term: Bearish
Long Term: Bearish
· Close We would only look for a signal to sell.
· The momentum is downward.
· The downward momentum is slowing.
· This is an area to be cautious. If you are short, consider protecting your profits. If not in the market, be ready to sell lightly which must be confirmed by the downward momentum starting to accelerate..
Bharat Mudgal’s comments:
No signal to buy. Users following the NIFTY report carefully must have had good profit. Support is 3300.
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