MAJOR RESISTANCE LEVELS: 5895-5921-5941
MAJOR SUPPORT LEVELS : 5851-5830-5804
Nifty (closing): 5870.95
Indian markets are bullish on middle term basis. We can expect a bullish or neutral market on Tuesday.
Nifty closed just above the Upper Bollinger Band level (5868) at 5871. MACD signals show a bullish market. In addition, RSI is just reached at 'oversold' region which indicates a bearish sign. Moreover, the government's decision to make 15000 Cr fund infusion for 'Public Sector Banks' will make a positive mood in Indian markets.
World markets showed a mixed performance. US markets were down slightly, while, European markets closed slightly bullish. NIKKIE reached seven month's high at closing.
GOOD LUCK.......................
I COULD NOT WRITE MY BLOG CONTINUOUSLY.SORRY FOR THE INCONVENIENCE........
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