Market updates for 05/02/2013

Nifty daily chart

As expected Nifty has continued to fall and now it has closed below psychological level 6000 by closing at Rs.5987. Now it is likely to test 5950.

SBI weekly chart

Scroll down and refer market updates  for 31/01/2013 we have  initiated short in SBI fut at Rs.2446 what is the price now Rs.2363 how much profit ? Rs.10375 per lot. We are still holding short.

Nifty medium term trend

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

 

Never tell a problem to anyone because 20% don't care and 80 % are glad you have them - Lou Holtz