Tuesday 30 April 2013

Technical update on Bharti and LT


Bharti weekly chart




Bharti can face resistance around Rs.330. Long position holders can book profit and re enter if it closes above this level.

LT



LT is facing resistance at Rs.1535. If it closes below Rs.1495 short can be initiated. Even though in today's session it traded below this level it made a bounce back. 


Nifty medium term trend


Trend  UP
Initiation Date 18-04-13
Initiated at  5783
High since change 5962
Reversal if closes above 5680


Thought for the day


If you find yourself fortunate enough to be traveling down the right path in life, don't forget to take time to remember those that cut the path for you to follow

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