Monday 17 June 2013

Technical updates on Nifty and SBI


Nifty




Nifty has sustained above 200 DMA for two consecutive trading sessions. As per my trading system short term uptrend has just started and trend will remain up as long as Nifty is above 5750. I am expecting a target of 5950.

SBI



MACD and RSI of SBI has turned positive. Medium term trend of SBI is up and reversal will be closing below 2015.

Disclaimer : Charts presented here are not for recommendation or to advice . They are for educational purpose. More details such as stop loss , target are shared with subscribers.

Nifty medium term trend



Trend  DOWN
Initiation Date 23-05-13
Initiated at  5967
Low since change 5683


Thoughtt for the day


This is the real secret of life,to be completely engaged with what you are doing in the here and now. And instead of calling it work, realize it is play.


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