NIFTY TREND FOR 30-01-2013
MAJOR RESISTANCE LEVELS: 6091-6137-6164
MAJOR SUPPORT LEVELS : 6030-6002-5957
MIDDLE TERM TARGET : 5760-5790
Nifty closed with 25 points loss yesterday. When AXISBANK became NSE top gainer, BANKBARODA and HDFCBANK included in NSE top 5 losers' list.
Nifty ( closing ): 6049.90
Nifty is closed at bearish zone on Tuesday. Long positions are not recommended for Intraday traders today.
MACD indicates bearish trend. Stochastic chart and RSI depicts a neutral trend. But, Moving Averages indicates bullish trend on long term run. Upper Bollinger Band stands at 6100 and Middle Bollinger Band at 6024.
Asian and US markets showed a mixed trend last day. European indices closed steadily. Brent Crude prices closed steadily.
India VIX closed at 14.47 with 4.61% decrease.
GOOD LUCK........................
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