Nifty
Nifty has marginally closed below support level. Monday's trading session is very important because if Nifty closes in red then it gives a confirmation of continuation of downtrend.
Bank Nifty
Bank Nifty has closed below crucial support at 12300. But there is another important support at 12100. If Bank Nifty closes below 12100 then there will be free fall.
SBI
SBI had major support at Rs.2050. It has closed below this support on weekly basis which is a bearish sign. Long should not be considered at this point of time.
Disclaimer : Charts presented here are not for
recommendation or to advice . They are for educational purpose. More details
such as stop loss , target are shared with subscribers.
Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 23-05-13 |
| Initiated at | 5967 |
| Low since change | 5871 |
Thought for the day
Happiness is your very nature and it is in the Present Moment; it is the direction in which Life tends to flow - Sri Sri Ravi Shankar
