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Price Analysis For Indexes
10/17/07
SENSEX ( close 19051.86 )
Long Term Trend Indicator: UP
Intermediate Term Trend Indicator: UP
3 Day Trend Indicator: UP
Short Term Trend Indicator: UP
LONG TERM
The long term trend is up, with support at the 1xxxx level. If the price stays above 1xxxx, that could indicate a move to the 1xxxx level, with resistance at 1xxxx. If the price goes above 1xxxx, that could indicate a move to 2xxxx, with resistance at 1xxxx.
If the price goes below 1xxxx, that could indicate a move to the 1xxxx level, with support at 1xxxx.
INTERMEDIATE TERM
The intermediate term trend is up, with support at 1xxxx. If the price stays above 1xxxx, that could indicate a move to 1xxxx, with resistance at 1xxxx. If the price goes above 1xxxx, that could indicate a move to 1xxxx, with resistance at 1xxxx.
If the price goes below 1xxxx, that could indicate a move to 1xxxx, with support at 1xxxx. If the price goes below 1xxxx, that could indicate a move to the 1xxxx level.
SHORT TERM
The short term trend is up, with support at 18466. If the price stays above 18466, that could indicate a move to 19220, with resistance at 18566, 18713, and 19024. If the price goes above 19220, that could indicate a move to 19403, with resistance at 19389. If the price goes above 19403, that could indicate a move to 19843, with resistance at 19659.
If the price goes below 18466, that could indicate a move to 17809, with support at 18244, 18148, and 17953. If the price goes below 17809, that could indicate a move to 17636, with support at 17709.
Sensex open 18037.90 high 18841.29 low 17307.90 close 18715.82
NIFTY ( close 5668.05 )
Long Term Trend Indicator: UP
Intermediate Term Trend Indicator: UP
3 Day Trend Indicator: UP
Short Term Trend Indicator: UP
LONG TERM
The long term trend is up, with support at 4xxx. If the price stays above 4xxx, that could indicate a move to 5xxx. If the price goes above 5xxx, that could indicate a move to 6xxx, with resistance at 5xxx.
If the price goes below 4xxx, that could indicate a move to 3xxx, with support at 3xxx.
INTERMEDIATE TERM
The intermediate term trend is up, with support at 5xxx. If the price goes above 5xxx, that could indicate a move to 5xxx, with resistance at 5xxx.
If the price goes below 5xxx, that could indicate a move 4xxx, with support at 5xxx.
SHORT TERM
The short term trend is up, with support at 5658. If the price stays above 5658, that could indicate a move 5718. If the price goes above 5718, that could indicate a move to 5922, with resistance at 5830.
If the price goes below 5658, that could indicate a move to 5452, with support at 5563. If the price goes below 5452, that could indicate a move to 5239, with support at 5340.
LAST UPDATE:
Tuesday, Oct 16, 2007 22:11
Nifty open 5658.90 high 5658.90 low 5107.30 close 5559.30
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