MAJOR RESISTANCE LEVELS: 5969-6010-6075
MAJOR SUPPORT LEVELS : 5866-5799-5759
Nifty moved yesterday just as we predicted. 5944 was the crucial level of the day (Ref: NIFTY TODAY: EPISODE 175).
In Daily Nifty Chart, a doji is formed yesterday. Again, Nifty reached in a neutral status by closing level of the last market. We can expect a neutral closing on Friday.
Upper Bollinger Band stands at 5959 level. Next, RSI shows obvious ' oversold' status. Nevertheless, MACD reveals strong bullish market.
Global markets closed in green last day. Besides, BSP leader, Kumari Mayawati decided to support UPA government in 'retail FDI vote'. These factors can influence Indian markets positively.
GOOD LUCK......................
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