MAJOR RESISTANCE LEVELS: 6027-6067-6095
MAJOR SUPPORT LEVELS : 5965-5940-5899
MIDDLE TERM TARGET : 5760-5790
After 5 consecutive positive closing, Nifty closed in red yesterday. It lost 28 points on Monday.
Nifty ( closing ): 5988.40
Nifty closed at bearish zone. So, long positions should be taken carefully.
Nifty closed below Upper Bollinger Band, level, 6015. Middle Bollinger Band stands at 5913. MACD and Moving Averages indicates a bullish market, while, RSI and Stochastic depicts a neutral market.
Global markets closed in red. Brent Crude prices increased. Rupees depreciated it's value.
India VIX closed at 13.92 with 0.53 point gain.
GOOD LUCK........................
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