MAJOR RESISTANCE LEVELS: 6053-6082-6130
MAJOR SUPPORT LEVELS : 5981-5937-5906
MIDDLE TERM TARGET : 5760-5790
Nifty opened in green and closed with loss of 35 points after a steady decrease yesterday.
Nifty ( closing ): 6019.35
Nifty is bearish now. Long positions are not recommended for intraday traders today.
MACD and Stochastic charts indicates bearish trend, while, RSI depicts a neutral trend for Nifty. Moving Averages still exhibit a bullish trend on both long and short term. Upper Bollinger Band touches 6099 level and Middle Bollinger Band stands at 5904.
Global markets showed a mixed trend last trading session. Among them, European markets only showed a buying trend yesterday. Crude Prices increased on Thursday.
India VIX closed at 14.46 with 5.78% gain.
GOOD LUCK.....................
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