IT IS OUR 201st EPISODE OF ''NIFTY TODAY'' AS WELL AS 301st POST. THANK YOU ALL FOR YOUR GREAT SUPPORT...............
MAJOR RESISTANCE LEVELS: 6053-6082-6130
MAJOR SUPPORT LEVELS : 5981-5937-5906
MIDDLE TERM TARGET : 5760-5790
Nifty showed steady increase till closing and it gained 73 points ( 1.22% ) yesterday. IT stocks showed good demand last day too.
Nifty ( closing ): 6024.05
Though Nifty was strong bullish yesterday, it closed at a good resistance level. Most probably, Nifty may close in red after a steady or positive opening. Long positions should be taken very carefully today. It may get strong resistance at 6050-6060 level.
Upper Bollinger Band stands on 6050 and Middle Bollinger Band on 5938. MACD depicts a bearish trend as signal line lies above the MACD line. RSI indicates 'over bought' status which also shows a bearish trend. When Moving Averages indicates a bullish trend, Stochastics shows a neutral trend.
Global market showed a mixed trend with mild variations except NIKKIE and NIFTY. They increased 1.38% and 1.22% respectively. Brent Crude prices increased by 1.22%. Rupees showed strength against Dollars.
India VIX closed at 13.70 points with 3.55% gain.
GOOD LUCK......................
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