Technical updates on Kotak Bank and DLF

Kotak Bank

Kotak Bank has just started down trend. It faced resistance at Rs.695 and now it has started correcting. It has closed below previous peak at Rs.675 and oscillators like MACD , RSI are indicating sell. We are bearish from short term point of view.

DLF

 

DLF has breached trend line support at Rs.267. Further fall is expected. 

Nifty medium term trend 

Trend	UP
Initiation Date	29-11-12
Initiated at	5825
High since change	6111
Reversal if closes below	5800

Thought for the day

Sometimes you may feel like you are just about to realize your goal only to fall short. That is no reason to quit. Defeat happens only to those who refuse to try again - Nick Vijucic