Tata Motors weekly chart
Tata Motors has reached an important support level at 285 in weekly chart. If it closes below this level on weekly basis then we might notice decent amount of fall . Since tomorrow is the last trading session of the week traders should closely watch Tata Motors.
TCS
TCS has closed below trend line support and hence there are possibilities of further fall.
ITC
After breakout from resistance at Rs.324 ITC reached a peak of Rs.350. But now it has once again closed below trend line support. Wait for further fall before considering long.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 23-05-13 |
| Initiated at | 5967 |
| Low since change | 5683 |
284 points correction since indication on 23/05. Still you want to follow US market , IIP , Inflation , RBI policy ??!! Well , good luck.
Thought for the day
We should never negotiate out of fear, but we should never fear to negotiate .
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