Nifty
Nifty has made a sharp bounce back from the low of 5683 and marginally closed above 200 DMA. Continuation of uptrend on Monday will confirm the uptrend. We will initiate long if Nifty closes above 5830. This intermediary pull back can sustain as long as Nifty is above 5750. If Nifty sustains below 5750 for few hours then it is better to exit long positions.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 23-05-13 |
| Initiated at | 5967 |
| Low since change | 5683 |
Thought for the day
Somebody said to god " I want peace " . God said remove "I" that is ego , remove "want" that is desire and peace will be automatically there.
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