Market updates for 21/09/2012

 

Nifty daily chart

 

 

 

On Thhursday's trading session Nifty lost moderate 45 points and closed at 5554.As long as the trend line support is not breached we can expect bounce back. The range of the Nifty will be 5530-5630. Since today is the last trading session weekly close below 5630 indicates that this level is acting as strong intermediary resistance.

 

Nifty Medium term trend 

 

Trend	UP
Initiation Date	07/08/2012
Initiated at	5336
High since change	5648
Reversal if closes below	5320

 

 

Open Positions

 

Scrip	Type	Price	CMP	P/L
DLF Fut	Long	231.8	231	-0.8
DLF 230 PE	Long	6.7	6.5	-0.2