Reliance Capital
In today's trading session Reliance Capital was one of the losers. It has closed below 20 DMA which indicates beginning of down trend. Trend is likely to be down as long as it is below Rs.381.
Nickel
In recent times Nickel has rallied from Rs.795 to Rs.850. In the above chart you can observe that Rs.850 was acting as support and now it is the resistance. Continuation of uptrend cannot be expected unless Nickel breaks Rs.850
Nifty medium term trend
| Trend | UP |
| Initiation Date | 18-04-13 |
| Initiated at | 5783 |
| High since change | 6114 |
| Reversal if closes below | 5870 |
Thought for the day
The one unchangeable certainty is that nothing is unchangeable or certain.
