MAJOR RESISTANCE LEVELS: 6017-6034-6063
MAJOR SUPPORT LEVELS : 5978-5951-5934
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily on Tuesday. Indian markets showed a mild buying tendency yesterday afternoon.
Nifty ( closing ): 6001.70
Nifty closed at a bearish zone last trading session. So, buying ( long ) positions should be avoided for intraday trading. Nifty may get severe resistance at 6017-6025 levels.
Nifty closed below the Upper Bollinger Band level ( 6025 ) and Middle Bollinger Band stands at 5918. MACD indicates a slight bullish market. On the other hand, Stochastic chart depicts a bearish market. Next, RSI marks a neutral market and Moving Averages show a positive market.
Global markets showed a mixed trend yesterday. Among them, Asian markets closed in red except Indian markets. Brent crude prices increased last day.
India VIX closed at 13.27 with 4.67% decrease.
GOOD LUCK...........................
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