MAJOR RESISTANCE LEVELS: 5921-5938-5956
MAJOR SUPPORT LEVELS : 5895-5874-5860
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily at 5909 with 1.50 points gain. Bank stocks were the gainers of the last trading session.
Nifty is bearish. Long positions should be taken carefully today.
MACD shows positive trend. But, RSI indicates 'overbought' status ( bearish signal). Global markets closed with a mixed mood with mild differences.
GOOD LUCK.....................
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