ICICI Bank
ICICI Bank has sustained the breakout but compared to SBI or Axis Bank it didn't gain much momentum. We have bullish position in ICICI Bank.
HDFC Bank
HDFC Bank is trading within a sloping channel. The importance of this channel is very high as it indicates primary trend of the stock. Now HDFC Bank has once again reached resistance level. Long position can be considered if it breaks this resistance.
Tata Motors
Similar to HDFC Bank , Tata Motors also has reached resistance level at Rs. 282. Breakout from this level can take Tata Motors to Rs.310.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 26-02-13 |
| Initiated at | 5761 |
| Low since change | 5569 |
| Reversal if closes above | 5780 |
Thought for the day
The mind is nothing but subtle part of the body. You must retain great strength in mind and words - Vivekananda
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