Nifty
In today's trading session Nifty made a high of 6084. Since it is near previous peak that is 6100 we cannot consider long for positional trade. Major support is at 5970. So 5970 -6100 will be the trading range. Wait for breakout before initiating any position.
Axis Bank
Trend indicators in daily chart has confirmed down trend in Axis Bank. Trend will remain down as long as it is below Rs.1515.
Nifty medium term trend
| Trend | UP |
| Initiation Date | 18-04-13 |
| Initiated at | 5783 |
| High since change | 6084 |
| Reversal if closes below | 5785 |
Thought for the day
There are two ways of meeting difficulties: you alter the difficulties, or you alter yourself to meet them.
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