Nifty
Nifty is stuck within a range of 130 points. It is facing resistance at 5900 and support at 5770. Breakout from this region will take Nifty to 6000 or 5700. . RSI is showing bearish divergence so there are possibility of sustainable down trend. We have continued to hold short.
REL Infra
REL Infra is facing resistance at Rs.370. Break out from this level will lead to continuation of uptrend.
Commodity update
Crude oil is currently trading at Rs.6254. If it closes below Rs.6260 then we will short Crude Oil.
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
Events come and go, they perish like
flowers. But every event and every person contains some honey. Like a
bee, just take the honey out of every event and every moment and move
on. Be like a busy bee and be in the being. - Sri Sri Ravishankar
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