MAJOR RESISTANCE LEVELS: 5874-5904-5920
MAJOR SUPPORT LEVELS : 5833-5813-5786
MIDDLE TERM TARGET : 5760-5790
Indian markets were bearish on Friday. Nifty lost 69 points ( 1.16% ). Only two stocks, ITC and TCS, closed in green in NSE last trading session. We have predicted a possibility of a heavy fall in Indian markets these days ( Ref: NIFTY TODAY: EPISODE 186 ).
Nifty ( closing ) : 5847.70
Nifty closed in a bearish zone. So, long ( buying ) positions may be at risk for intraday traders on Monday.
Nifty closed below the Middle Bollinger Band level ( 5852 ). It indicates a very weak trend. MACD also shows a bearish trend. But, RSI reveals a neutral status.
All the global indices were down on Friday. Rupees got neither loss nor gain against dollar. Brent crude prices decreased.
India VIX closed at 14.63 points with the gain of 0.31 point.
GOOD LUCK.........................
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