Nifty daily chart
Nifty is breaking every resistance and today it has confirmed another breakout. Now as long as Nifty is above the trend line it is likely to continue uptrend. Possible targets are 5970-6100.
Tata Motors
Tata Motors had major resistance at Rs.285. In the above mentioned chart you can see that Rs.285 has acted as support as well as resistance many times in the past. Expected target is Rs.310.
We have initiated long in both Nifty as well as Tata Motors.
Nifty medium term trend
| Trend | UP |
| Initiation Date | 18-04-13 |
| Initiated at | 5783 |
| High since change | 5924 |
| Reversal if closes above | 5680 |
Thought for the day
"In
India , we want karmayoga , yoga of work. We have to live in the
present. We cannot afford to live in one part of the world shutting our
doors and windows to the other parts. When India attains freedom then
Indians have to fight their existence against modern enemies equipped
with modern weapons. They have to survive in the modern days , in the
field of modern economics and politics. The age of
bullock cart is gone. For India would have to be self sufficient in
modern arms and weapons and always have to be ready with to defend
herself until such a time as whole world decides to lay down arms and
ammunition" - Subhash Chandra Bose
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