Tuesday 2 July 2013

Technical updates on Nifty and Rel Cap

 

Nifty




In daily chart of Nifty it has closed above 200 DMA and it has also closed above descending trend line. Short term trend is up.

Rel Cap



Rel Cap was trading within a range from quite some time and today it has breached trend line resistance. Trend is likely to continue.

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 5898


Thought for the day


I arise in the morning torn between a desire to improve the world and a desire to enjoy the world. This makes it hard to plan the day.


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