MAJOR RESISTANCE LEVELS: 5941-5954-5969
MAJOR SUPPORT LEVELS : 5919-5900-5889
MIDDLE TERM TARGET : 5760-5790
Indian markets were bullish on Wednesday with the world markets. Nifty gained 33 points.
Nifty ( closing ) : 5929.60
Nifty closed at neutral level last day. It may move upward or downward today. But, there will be more chance for a bearish market.
MACD line and Signal line intersected and both are at the same level. RSI just slipped from 'overbought' status. Middle Bollinger Band stands at 5820.
Global markets were closed in green except US markets. Brent crude prices increased. Rupees got strength against dollars.
GOOD LUCK................
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