MAJOR RESISTANCE LEVELS: 6066-6084-6097
MAJOR SUPPORT LEVELS : 6049-6033-6018
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily with 6 points loss on Wednesday. It was a trading session with less fluctuations yesterday.
Nifty ( closing ): 6055.75
Nifty is at bearish zone now. Long positions should be taken only after getting directions.
MACD and Stochastic charts reveals a bearish trend for Nifty, while, RSI indicates a neutral trend. Moving Averages shows bullish trend on long term basis. Upper Bollinger Band stands at 6101 and Middle Bollinger Band at 6027.
US indices are steady right now. When European markets closed with slight loss, Asian markets closed in green. Brent Crude prices increased. Rupees got remarkable strength against dollars.
India VIX closed at 14.38 with 0.09 point decrease.
GOOD LUCK..........................
No comments:
Post a Comment