Friday, January 18, 2013

NIFTY TODAY: EPISODE 204

                               NIFTY TREND FOR 18-01-2013



MAJOR RESISTANCE LEVELS: 6067-6090-6131
MAJOR SUPPORT LEVELS      : 6005-5965-5938


MIDDLE TERM TARGET          : 5760-5790



Nifty closed in green. It moved with the same trend of world markets. Nifty closed with 0.62% gain.


Nifty ( closing ): 6039.20


Nifty closed at a bearish zone. Long positions should be taken very carefully.


MACD, RSI and Stochastics charts indicate neutral zone. Moving Averages depicts bullish market. Upper Bollinger Band stands at 6080 and Middle Bollinger Band stands at 5955.


Global markets closed in green. Each and every indices remarked gain. Brent Crude prices traded steadily. 


India VIX closed at 14.01 steadily with 0.14%


GOOD LUCK....................

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