Technical updates on Axis Bank and Tata Motors

Axis Bank

Axis Bank was trading between Rs.1445-1516 from past one month. In today's trading session it has breached this support. It is likely to fall further.

Tata Motors

Similar to Axis Bank , Tata Motors has indicated break out but on upside. Rs.310 was very strong resistance level for Tata Motors and today this resistance is breached. We have long position in Tata Motors.

Nifty medium term trend

Trend	DOWN
Initiation Date	23-05-13
Initiated at	5967
Low since change	5936

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