Monday 21 October 2013

Technical updates on Nifty


Nifty daily chart



Nifty has reached 6200 and whenever it reaches this level some people talk about new high . But according to me it is time to book profit and wait for reversal .

Nifty medium term trend


Trend  Up
Initiation Date 09-10-13
Initiated at  6007
High Since Change 6218