Indices

Saturday, December 04, 2010

BSE Midcap

BSEMIDCAP:
Inside Bar close on weekly charts on 03-12-2010

BSE MIDCAP closed @7883.02 on 03-12-2010. It has closed as Inside Bar Pattern on weekly chart ( attached here). Its high range & lower range brekout level is 8188 & 7339.5 respectively, breakout from this range will lead to furhter strong trending direction in either of side with momentum.

It may consolidate in this range before breakout for further couple of days.
So one can watch it very carefully for overall TREND of market.

Disclaimer

The views expressed are based purely on Technical studies. The calls made herein are for information purpose only. The information and views presented here are prepared by Devang Shah . The information contained herein is based on my analysis of the Charts. I, however, do not vouch for the accuracy or the completeness thereof. This material is for personal information and I am not responsible for any loss incurred based upon it. The Investment discussed & recommended on this website may not be suitable for all. Investors must make their own investment decisions based on their specific investment objectives and financial position and using such independent Views, as they believe necessary.
While acting upon any information or analysis mentioned on this website, investors may please note that neither Devang Shah nor any person connected with him accepts any liability arising from the use of this information and views mentioned herein. I may hold long or short positions in the securities/commodities discussed herein from time to time. Neither the information nor any opinion expressed herein constitutes an offer or an invitation to make an offer, to buy or sell any securities/commodities, or any options, futures or other derivatives related to such securities/commodities.

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