MAJOR RESISTANCE LEVELS: 5964-5978-5996
MAJOR SUPPORT LEVELS : 5939-5922-5909
MIDDLE TERM TARGET : 5760-5790
Nifty closed in green with 0.77% increase on 1st day of 2013. But, fluctuations were comparatively less yesterday. Nifty was restricted in movement of just 29 points.
Nifty ( closing ): 5950.85
Nifty closed at a neutral zone yesterday. But, long ( buying ) positions should be taken carefully today.
Nifty closed just above the Upper bollinger Band level ( 5940 ) last day. Middle Bollinger Band stands at 5890 level now. MACD still sows a bearish trend in Nifty, when RSI depicts a neutral trend.
Global markets showed mixed trend yesterday. US markets showed a steep increase last session. European markets showed various natures in movement. FTSE and DAX showed an increase, while, CAC remarked loss in index. Asian markets also showed similar pattern to European markets.
Crude oil prices increased last session. But, Rupee showed strength against Dollar.
India VIX closed at 13.69 with 8.43% loss.
GOOD LUCK..............
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