Market updates for 24/01/2013

Tata Motors daily chart

Tata Motors faced trend line resistance at Rs.336 and today it has closed below Rs.318 which was earlier peak. The breakout above Rs.318.50 was a failure and now it is likely to fall further.

Corporates results on 24/01/2013

Biocon , Coramandel Intn

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6101
Reversal if closes below	5800

Thought for the day

Pleasure is always derived from something outside you, whereas joy arises from within. - Eckhart Tolle