As discussed earlier I was to do the MIDAS analysis of the RNRL stock I have created a support line for the RNRL.

using 20th AUG 2007 as the base and it comes to 110

while using 19th Oct 2007 as base the support comes to 141 . .

If you study the MIDAS method you will find that the MIDAS supports are dynamic and changes with time. Hence if the prices of this stock falls the MIDAS support will also change.

Nifty looking weak

Nifty is loosing "On Balance Volume". Since last peak the OBV is making new lows which means that long positions on nifty are being liquidated while be prices are sustaining.

I suggest every one to Maintain and execute the stoploss as they occur.