MAJOR RESISTANCE LEVELS: 5998-6046-6078
MAJOR SUPPORT LEVELS : 5923-5896-5845
MIDDLE TERM TARGET : 5760-5790
Nifty opened with good gain and closed in red with steady loss last day. Nevertheless, IT stocks could gain on Friday.
Nifty ( closing ): 5951.30
Nifty closed at a neutral zone last trading session. Though it is bearish on long term basis, it can not be predicted on intraday basis. Positions should be taken very carefully today.
Nifty closed above the Middle Bollinger Band level (5930). Upper Middle Band touches at 6038. MACD and Stochastic charts depicts a bearish market. RSI still indicates neutral trend, while, Moving Averages indicates a bullish market.
US and European markets closed with slight gain on Friday. Asian markets showed mixed trend. Brent Crude prices increased.
India VIX closed at 13.23 with just 0.04 point loss.
GOOD LUCK........................
No comments:
Post a Comment