MAJOR RESISTANCE LEVELS: 6041-6078-6106
MAJOR SUPPORT LEVELS : 5981-5956-5916
MIDDLE TERM TARGET : 5760-5790
Nifty showed a steady fall all over the day and closed in red last day. It lost 55 points on Wednesday.
Nifty ( closing ): 6001.85
Nifty closed at a strong bearish zone yesterday. Long positions are not recommended for intraday traders on Thursday.
MACD, RSI, Stochastic charts reveals a neutral trend, while, only Moving Averages shows bullish trend. Upper Bollinger Band is at 6070 and Middle Bollinger Band at 5954.
Europe and Asian markets closed steadily last day. Among them, NIKKIE and NIFTY showed a strong selling pressure. Former showed a loss of 2.65%. US markets trade steadily right now.
India VIX closed at 13.99 with 3.02% gain.
GOOD LUCK......................
No comments:
Post a Comment