Nifty daily chart
Nifty has exactly closed at 200 dma. Next few trading sessions will be crucial as we need to see whether it acts as a support or this support will be breached. If it breaches 200 dma then major fall is expected.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 26-02-13 |
| Initiated at | 5761 |
| Low since change | 5648 |
| Reversal if closes below | 5895 |
Thought for the day
You are what your deep, driving desire is As your desire is, so is your will As your will is, so is your deed As your deed is, so is your destiny.
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