Nifty weekly chart
Nifty is trading below trennd line support . If it closes below this trend line on wweekly basis then further fall is expected . Target is 5000-4800.
INR Weekly chart
There is a breakout in Rupee chart which is bad news for economy . Short term targets are 70-73 .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 30-07-13 |
| Initiated at | 5755 |
| Low since change | 5118 |
Thought for the day
The majority of people permit relatives, friends, and the public at large to so influence them that they cannot live their own lives, because they fear criticism.
