Nifty daily chart
Nifty has closed above trend line resistance for two consecutive days which is a bullish sign. Short term trend will remain positive as long as Nifty is above 5980.
Nifty weekly chart
Nifty has also breached trend line in weekly chart . There is every possibility that Nifty will reach 6200 provided Nifty sustains above trend line.
LT
LT has been forming lower top lower bottom since many weeks . Now it has once again reached trend line resistance . If LT closes above this trend then further rally can be expected .
Nifty medium term trend
| Trend | UP |
| Initiation Date | 05-09-13 |
| Initiated at | 5592 |
| High Since Change | 6142 |
Thought for the day
Don’t ask what the world needs. Ask what makes you come alive, and go do it.
Because what the world needs is people who have come alive .
