Thursday 1 August 2013

BPCL and IDFC



BPCL

 



BPCL is trading below trend line support at Rs.320. Now onwards this level will act as resistance . As long  as it is below Rs.320 trend will be down.

IDFC



IDFC is trading with in a descending channel . Closing below trend line support will lead to further fall . 

Nifty medium term trend



Trend  Down
Initiation Date 30-07-13
Initiated at  5755
Low since change 5675

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