MAJOR RESISTANCE LEVELS: 6023-6035-6056
MAJOR SUPPORT LEVELS : 5996-5976-5965
MIDDLE TERM TARGET : 5760-5790
Nifty closed with mild gain of 16 points yesterday. Indian markets showed very less fluctuation last session too. It restricted in just 30 points.
Nifty ( closing ): 6009.50
Nifty closed at a neutral zone on Thursday. Long positions cannot be recommended for intraday traders today.
Upper Bollinger Band stands at 5988 ( yesterday's low ) when Middle Bollinger Band touches at 5906. MACD line entered above the signal line. It indicates a bullish trend. RSI lies at the boarder line to the 'over bought' status, though it depicts neutral trend now. Moving averages also shows a bullish trend.
Global markets showed a mixed trend. Most of them marked mild changes only in ther indices. But, NIKKIE got a remarkable gain of 2.86% ( 306 points ).
Brent Crude prices decreased slightly. India VIX closed at 13.47 ( with 1.75% increase ).
GOOD LUCK.............................
No comments:
Post a Comment