Tuesday, January 29, 2013

NIFTY TODAY: EPISODE 211

                                   NIFTY TREND FOR 29-01-2013



MAJOR RESISTANCE LEVELS: 6086-6101-6116
MAJOR SUPPORT LEVELS      :6068-6052-6038



MIDDLE TERM TARGET          : 5760-5790



Nifty closed steadily yesterday. It got 0.15 point gain with 0.00%.


Nifty ( closing ): 6074.80


Nifty closed at bearish zone yesterday. Long positions should should be avoided today.


Upper Bollinger Band stands at 6100 and Middle Bollinger Band at 6020. MACD and RSI indicates neutral trend. Stochastic and Moving Averages depicts a bullish trend.


Global markets closed with mixed trends. Most of the indices closed with mild changes.


India VIX closed at 15.17 with 2.71% increase.


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

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