Nifty daily chart
This is a self explanatory chart . The trend line which was acting as support is acting as resistance . If Nifty closes above this trend line resistance then uptrend will continue till 5750. Otherwise Nifty will once again reach 5500 . Lets see .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 30-07-13 |
| Initiated at | 5755 |
| Low since change | 5486 |
Thought for the day
Optimism is the faith that leads to achievement.Nothing can be done without hope and confidence.
