Thursday 12 September 2013

Technical updates on INR and Zinc


INR




INR has shown signs of recovery from last week . It is trading below the trend line support which means that there could be some more recovery in coming days .


Zinc



Similar to INR Zinc was unable to bounce back from support at Rs.119 so we are expecting further fall in Zinc . 

Nifty medium term trend


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


Thought for the day


Coming together is a beginning. Keeping together is progress. Working together is success.