Technical updates on Nifty

 

Nifty has made a sharp bounce back after yesterday's fall. But a bounce back of 35 points is not enough to change the trend. Short term trend will change only if it closes above 5875 which will be stop loss for short. 

 Nifty medium term trend

Trend	DOWN
Initiation Date	29-11-12
Initiated at	5761
High since change	5761
Reversal if closes below	5990

Thought for the day

Goliyonka samna karoonga azad hoon azad rahoonga - Chandrashekar Azad