In yesterday's post I had written about continuation of uptrend but today's fall indicates that Nifty has started short term down trend. Trend will remain down as long it is below 5885.
One of the individual stock which has started short term down trend is LT. Today's closing price is Rs.1392. Trend will remain down as long as it is below Rs.1435.
Nifty medium term trend
| Trend | UP |
| Initiation Date | 01-07-13 |
| Initiated at | 5898 |
| High since change | 5898 |
Thought for the day
It’s not who you are that holds you back.It’s who you think you’re not.
