Monday 13 May 2013

Technical updates on Nifty and Hero Motoco


Nifty weekly chart




Nifty has completed 100% retracement. It is likely to consolidate for a while in these levels. Considering long at this stage is very risky , so traders should wait for downtrend to start. If low risk and high profit potential opportunity is available it will be intimated.

Hero Motocop



Hero Motoco has breached trend line resistance and now it is consolidating. As long as it trades above the trend line trend will remain up.


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