Thursday 3 October 2013

Technical updates on Nifty and Zinc


Nifty daily chart

 



 Nifty has made a sharp bounce back . Major resistance is at 5950 which could be the peak of this rally . However if this resistance is breached then further rally is possible .

Zinc



Zinc is consolidating in a narrow range . Wait for breakout to initiate position.

Nifty medium term trend


Trend  Down
Initiation Date 25-09-13
Initiated at  5873
Low Since Change 5700


Thought for the day


Life is like an onion; you peel off one layer at a time and sometimes you weep.

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