MAJOR RESISTANCE LEVELS: 6087-6121-6147
MAJOR SUPPORT LEVELS : 6031-6007-5969
MIDDLE TERM TARGET : 5760-5790
Nifty opened with gain and it got a heavy fall steadily till closing last day. It closed with 34 points loss.
Nifty ( closing ): 6048.50
Nifty closed at bearish zone on Tuesday. Long positions are not recommended for intraday traders today.
MACD, RSI and Stochastic charts indicates bearish market. But, Moving Averages still depicts bullish market on long term run. Upper Bollinger Band hits at 6100, while Middle Bollinger Band at 5988.
US and Asian markets closed with mixed trend. But, European markets showed selling pressure last trading session. Brent Crude prices decreased.
India VIX closed at 13.89 with 1.68% increase.
GOOD LUCK..................
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