MAJOR RESISTANCE LEVELS: 6007-6045-6072
MAJOR SUPPORT LEVELS : 5949-5925-5886
MIDDLE TERM TARGET : 5760-5790
Nifty closed in red yesterday. It showed high at 6020. It was predicted yesterday that Nifty may get good resistance at 6017-6025 level ( Ref: NIFTY TODAY: EPISODE 197 ). Cement stocks showed a selling pressure on Wednesday.
Nifty ( closing ): 5971.50
Nifty closed yesterday at a clear bearish zone. But, opening may be positive today. Long positions should be avoided today for intraday trading. Nifty may get good support at 5920-5930 range and good resistance at 6025-6035 range.
Stochastic chart reveals a bearish market. MACD and RSI indicates a neutral trend for the Nifty. But, Moving Averages show a bullish trend. Upper Bollinger Band stands at 6033, while, Middle Bollinger Band stands at 5922.
World markets showed a buying trend last trading session. Crude prices stand steadily.
India VIX closed at 13.32 steadily with just 0.38% increase.
GOOD LUCK....................
No comments:
Post a Comment