Nifty
From last one week Nifty has been forming gap up/gap down open because of which it has become difficult to predict trend of the market. However in today's trading session Nifty has breached resistance at 5900 which is a bullish sign. As long as Nifty is above 5820 trend will be positive.
Kotak Bank
Kotak Bank has made sharp bounce back from support at Rs.682. Now it has reached a major resistance level. Break out from this level will lead to further upside.
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 | UP |
| Initiation Date | 01-07-13 |
| Initiated at | 5898 |
| High since change | 5948 |
Thought for the day
When we long for life without difficulties, remind us that oaks grow strong in contrary winds and diamonds are made under pressure.
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