MAJOR RESISTANCE LEVELS: 6082-6097-6117
MAJOR SUPPORT LEVELS : 6051-6033-6014
MIDDLE TERM TARGET : 5760-5790
Nifty closed in green on Friday. Petroleum and Power stocks showed good demand last trading session.
Nifty ( closing ): 6064.40
Nifty closed at a bearish zone last day. Long positions should be taken carefully. Nifty may get proper resistance at 6090-6100 level.
MACD, RSI and Stochastic charts indicates neutral trend, while, Moving Averages depicts bullish trend. Upper Bollinger Band stands at 6095 and Middle Bollinger Band at 5965.
European and US markets closed steadily on Friday. But, Asian markets showed good strength last trading session. Crude prices increased.
India VIX closed at 13.89 with 0.86% loss.
GOOD LUCK...................
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