MAJOR RESISTANCE LEVELS: 6073-6094-6124
MAJOR SUPPORT LEVELS : 6031-6002-5979
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily yesterday. It gained just 6 points last trading session.
Nifty ( closing ): 6054.30
Nifty is still bearish. So, long positions are not advisable for intraday traders today.
Stochastic chart turned into bearish signal. But, MACD and RSI still reveals a neutral trend for Nifty. Also, Moving Averages indicates bullish market for long term basis. When Upper Bollinger Band stands at 6105, Middle Bollinger Band stands at 5996.
Both Asian and European markets closed with mixed nature. US markets trade in green right now. Brent Crude prices increased slightly. Besides, Rupees gained strength against Dollars last day.
India VIX closed at 13.67 with 1.58% decrease.
GOOD LUCK.............
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