MAJOR RESISTANCE LEVELS: 6006-6018-6033
MAJOR SUPPORT LEVELS : 5985-5971-5960
MIDDLE TERM TARGET : 5760-5790
Nifty closed with 42 points gain. But, intraday traders could not make any advantage with long positions as the markets opened with a big gap.
Nifty ( closing ): 5993.25
Nifty closed at neutral zone yesterday. Long positions should be taken carefully. If nifty falls, it may get good support at 5960-5968 level.
Nifty closed above the Upper Bollinger Band level ( 5968 ) and even yesterday's low was also above the Upper Bollinger Band level. Middle Bollinger Band passes through 5900 level. RSI and MACD indicates neutral market.
All the global markets closed with a hike yesterday. Among them, European markets closed with 2% increase. Brent Crude prices showed an increase. On the other hand, Rupees got strength against Dollar.
India VIX closed steadily at 13.71 with 0.02 points increase.
GOOD LUCK.................
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