Review of INDIA INDEX SVC@S&P CNX NIFTY INDEX (.NSEI)
as of 10/7/2008
Current Statistics
Close: 3,606.600
Change: 4.250
MACD Value: -149.365
Signal Line: -102.791
The MACD can provide buy/sell indications in three ways, signal line crossovers, overbought/oversold conditions, and divergences.
Crossovers
Currently the MACD is bearish since it is trading below its signal line.The MACD crossed below its signal line 17 period(s) ago. Since the MACD crossed its moving average, INDIA INDEX SVC@S&P CNX NIFTY INDEX's price has decreased 15.94%, and has ranged from a high of 4,399.300 to a low of 3,537.000.
Overbought/Oversold
The MACD is in an oversold range. Prices may continue to move lower for some time. Wait for prices to move higher before considering any long positions.