Technical updates on JSW Steel and Wipro

JSW Steel

JSW Steel has managed to hold trend line support at Rs.780 and now it has bounced back. Long position can be created if it closes above Rs.826.

Wipro

Wipro has breached trend line resistance at Rs.405. It can face resistance around Rs.417 and once it sustains above this level it can go to Rs.430.

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

Have you ever felt trapped in circumstances, then discovered that the only trap was your own lack of vision, lack of courage, or failure to see that you had better options? - Nick Vijucic