MAJOR RESISTANCE LEVELS: 5980-6005-6020
MAJOR SUPPORT LEVELS : 5951-5934-5910
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily with the loss of 2 points ( 0.04%) yesterday. It was predicted yesterday that Nifty is at neutral zone ( REF; NIFTY TODAY: EPISODE 217).
Nifty ( closing ): 5959.20
Nifty became bearish at closing on Wednesday. Long positions are not advisable for intraday traders today.
Nifty closed just above the Lower Bollinger Band Level, 5952. Middle Bollinger Band stands at 6029. MACD depicts bearish trend. Stochastic and RSI charts indicates neutral trend, while, Moving Averages shows bullish trend on long run.
Most of the global indices closed steadily last trading session. But, NIKKEI closed with 3.64% gain and CAC 40 and DAX with more than 1% loss. Brent Crude prices increased slightly. Rupees closed steadily.
India VIX closed at 14.26 with 2.40% decrease.
GOOD LUCK.......................
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