Nifty daily chart
Today Nifty has breached major resistance at 5665 as well as 200 DMA which has changed the short term trend to positive. Nifty will remain in uptrend as long as it is above 5580.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 26-02-13 |
| Initiated at | 5761 |
| Low since change | 5569 |
| Reversal if closes above | 5780 |
