Nifty
In today's trading session Nifty has reached expected target 5830. Since it has reached major resistance level we have booked profit in Nifty fut. If Nifty closes above the trend line then we will consider long position.
Tata Motors
Tata Motors has breached trend line resistance. But in today's trading session unfortunately it didn't gain much momentum. We have initiated long in Tata Motors. Lets see!!
Nifty medium term trend
| Trend | UP |
| Initiation Date | 18-04-13 |
| Initiated at | 5783 |
| High since change | 5845 |
| Reversal if closes above | 5575 |
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