Nifty

Nifty is in down trend and I am expecting it to reach trend line support which could be the bottom of this down trend because at 5740 Nifty is not over sold . 5750 can act as resistance and if Nifty sustains above this level then we can notice 5800 . Nifty has formed 'doji' candle stick pattern which shows indecision in market.

Bajaj Auto

Bajaj Auto is trading within a ascending channel . Wait for break out.

LT

LT has been falling from some time . It has a major support around Rs.810 which is a low risk buying point.

Maruti

Maruti has closed below trend line support . Continuation of down trend is likely to happen.

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	30-07-13
Initiated at	5755
Low since change	5675

 

Thought for the day

 

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