Technical updates on Nifty

Nifty has made a sharp decline in today's trading session . It has support at 6220 . One it closes below this level further fall can be expected .

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6348

Breakout in Nifty

Nifty daily chart

Nifty has breached resistance at 6220 now it is likely to reach 6300 .

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6269

Technical updates on Bank Nifty

Bank Nifty

Bank Nifty can face resistance at 11230 trade the break out.

Nifty medium term trend

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6252

Technical updates on Nifty

Nifty 

Nifty is facing resistance around 6230 . If it closes above this level then further rally can be expected

 

Nifty medium term trend

 

Trend	Up
Initiation Date	09-10-13
Initiated at	6007
High Since Change	6252

 

Technical updates on LT

LT 

LT is expected to be in uptrend as long as it is above Rs.900 . I am unable to upload chart due to technical reasons please visit FB page to view the chart.

Nifty medium term trend

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