Tuesday 23 July 2013

Technical updates on Nifty


Nifty daily chart



Nifty has continued uptrend however it has a major resistance at 6115. Those who are holding call option in Nifty should exit at least partially. If this level is breached on closing basis then we can see 6230. 

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 6093

 

Thought for the day


The more that you read, the more things you will know. The more that you learn, the more places you’ll go.

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