Market updates for 06/02/2013

Nifty daily chart

Nifty has tested support around 5940. Closing below 5940 will take Nifty to 5900 and may be much lower. Wait and watch.

Sun Pharma

Today Sun Pharma has reached an important resistance level which is around Rs.750. Long can be initiated if it closes above the trend line resistance.

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

Those who have conqured themselves live in peace , alike in cold or heat , pleasure or pain , praise or blame . To such people clod of dirt , a stone and gold are same. They will achieve great heights - Bhagavad Gita