MAJOR RESISTANCE LEVELS: 6028-6044-6070
MAJOR SUPPORT LEVELS : 5992-5968-5952
MIDDLE TERM TARGET : 5760-5790
Indian markets were closed steadily. Nifty closed with just 0.11% gain. Steel stocks showed a fall in trading.
Nifty ( closing ): 6011.95
Nifty closed at a neutral zone on Friday. Long positions are not recommended for intraday traders today.
Nifty closed just above the Upper Bollinger Band level, 5905. Middle Bollinger Band stands at 5910. MACD and Moving Averages indicates a bullish market. But, Stochastic and RSI depicts neutral market.
Global markets closed steadily last trading session. Brent Crude prices has been decreased. Also, Rupees showed a fall against dollars.
India VIX closed at 13.37 with 0.74% decrease.
GOOD LUCK...................
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