Nifty daily chart
Nifty is sliding along with rupee . However it has a support at 5480 . Once Nifty closes below this level it will reach 5300. So wait for closing below this level . Even if Nifty falls by 100 points on Monday short can be considered.
Crude Oil
Crude Oil has closed marginally above trend line resistance . If closes above resistance for one more trading session then uptrend will continue.
Lead
Lead is approaching trend line resistance at Rs.144 . Book profit around this level and re enter once it closes above this level .
Zinc
Zinc has closed above trend line resistance . Tomorrow We are planning to consider long in Zinc .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 30-07-13 |
| Initiated at | 5755 |
| Low since change | 5486 |
Thought for the day
Study nature, love nature,
stay close to nature.
It will never fail you.
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