Nifty daily chart
Nifty has corrected by whopping 165 points. Now there is a support around 5600. Nifty may hold this support at least temporarily. If this support is breached then further fall is likely. Weakness in rupee is a major concern.
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 | 5645 |
Thought for the day
The first to apologize is the bravest,
the first to forgive is the strongest,
and the first to forget is the happiest.
