Nifty
After closing below support at 5970 Nifty has reached a low of 5883. In the above chart you can see that Nifty has reached an important support and in today's trading session it couldn't break this level. Both short and medium term trend is down but Nifty will resume down trend once it closes below this level.
BHEL
Similar to Nifty BHEL also has reached important support level. Breakout from this level is required to initiate trade.
Nickel
Nickel was trading within a channel from some time. Today it has managed to close above the channel. We have initiated long at Rs.870 cmp 876 and expecting 30-40Rs rally.
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 | 5883 |
Thought for the day
When I was young, I observed that nine out of ten things I did were failures. So I did ten times more work - George Bernard Shaw
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