Monday 2 September 2013

Technical updates on Nifty


Nifty




Nifty has made a sharp bounce back from support at 5130 and now it has breached trend line resistance . If it manages to closes above 5590 then possibility of rallying another 100-200 points will be there. 

Nifty medium term trend


Trend  Down
Initiation Date 30-07-13
Initiated at  5755
Low since change 5118

 

Thought for the day

“Drop the idea of becoming someone, because you are already a masterpiece. You cannot be improved. You have only to come to it, to know it, to realize it.” ~ Osho