Nifty
Nifty has continued to show weakness. Today it has closed below previous bottom 5690. 200 DMA is around 5600. Nifty is likely to touch this level in short term.
Bharti Airtel
Bharti has support at Rs.382. It has bounced back from this level and likely to continue uptrend.
HDFC Bank
HDFC Bank is trading in a downward sloping channel. It has almost reached the support level. If anyone has short book profit and re enter after breakout.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 29-11-12 |
| Initiated at | 5761 |
| Low since change | 5648 |
| Reversal if closes below | 5895 |
Thought for the day
Advice given to fools, makes them angry and not calm them down.
Just like feeding a snake with milk, increases its venom.
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