Nifty
Nifty has managed to sustain above 200 DMA for three consecutive trading sessions and 'V' shape recovery looks like island reversal formation. So as per chart structure trend is up . Tonight FOMC meet is conducted in USA which will decide further direction of the market. Lets see.
Rel Cap
Rel Cap is continuously moving from Rs.315 and now it has reached a critical resistance level. Breakout from this level will lead to further rally.
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Nifty medium term trend
| Trend | DOWN |
| Initiation Date | 23-05-13 |
| Initiated at | 5967 |
| Low since change | 5683 |
Thought for the day
When you lose, don’t lose the lesson - Dalai Lama
