Technical updates on HDFC Bank and Zinc

 

HDFC Bank

 

 

HDFC Bank made a breakout above Rs.670 but this breakout was not sustained and from past two consecutive trading sessions it has closed below the trend line. Down trend has just started.

Zinc

Zinc is in down trend and we are short from Rs.116.50 March contract . It has reached an  important trend line support at Rs.112.50. Breakout from this level will lead to fall to Rs.109.00

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

What actions are most excellent? To gladden the heart of a human being, to feed the hungry, to help the afflicted to lighten the sorrow of the sorrowful and to remove the wrongs of injured...- Dr.Abdul Kalam