MAJOR RESISTANCE LEVELS: 6000-6032-6061
MAJOR SUPPORT LEVELS : 5946-5920-5887
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily with just 2.85 points loss last day. Bank stocks showed good demand yesterday. 3 out of 5 NSE top gainers were BANKBARODA, AXISBANK and HDFCBANK.
Nifty ( closing ): 5968.65
Nifty closed at neutral zone. It may move at any side. There is slight chance to close in green. Positions should be taken carefully today.
MACD and RSI indicates a neutral trend. When Stochastic depicts bearish trend, Moving Averages shows a bullish trend. Upper Bollinger Band touches on 6038. Middle band strikes on 5726.
Global markets showed mixed trend last trading session. US and Asian markets showed a bullish movement. Crude prices closed steadily. Rupees showed strength against Dollars.
India VIX closed at 13.27 with just 0.05 point increase.
GOOD LUCK............
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