Nifty
Nifty has breached trend line resistance . Expected targets are 6100-6150-6200 .
Wednesday, 9 October 2013
Tuesday, 8 October 2013
Technical updates on Bank Nifty
Bank Nifty
Bank Nifty has support at 9800 . As long as this level holds there are possibilities of further rally .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Sunday, 6 October 2013
Technical updates on Nifty
Nifty
Nifty is facing resistance around 5950 . If it closes above this level then rally will continue.
Thursday, 3 October 2013
Technical updates on Nifty and Zinc
Nifty daily chart
Nifty has made a sharp bounce back . Major resistance is at 5950 which could be the peak of this rally . However if this resistance is breached then further rally is possible .
Zinc
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Thought for the day
Life is like an onion; you peel off one layer at a time and sometimes you weep.
Wednesday, 2 October 2013
Nifty daily chart
Nifty
Nifty has bounced back after testing trend line support . But as of now there are no indication of sustainable uptrend . Lets wait and watch .
Nifty medium term trend
| Trend | Down |
| Initiation Date | 25-09-13 |
| Initiated at | 5873 |
| Low Since Change | 5700 |
Thought for the day
What you do every day matters more than what you do every once in a while.
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