Wednesday 11 September 2013

Technical updates on Nifty and Ambuja Cements


Nifty




Nifty has traded flat in today's trading session . But rally is not over yet it can reach 6000 in short term which could be the possible peak of this rally .

Ambuja Cement




Ambuja Cement has breached trend line resistance . Continuation of the rally is likely to happen.

Nifty medium term trend


Trend  UP
Initiation Date 05-09-13
Initiated at  5592
High Since Change 5924


Thought for the day


Hammer breaks the glass but forges the steel .