MAJOR RESISTANCE LEVELS: 5973-6001-6022
MAJOR SUPPORT LEVELS : 5925-5901-5871
MIDDLE TERM TARGET : 5760-5790
Indian markets closed with loss yesterday. Nifty closed with 20 points loss on Thursday.
Nifty ( closing ): 5938.80
Nifty closed at neutral zone lat day. So, both long and short positions should be taken very carefully.
Nifty closed at exact Lower Bollinger Band level, 5939. The Middle Bollinger Band is at 6025. MACD indicates negative trend for Nifty. Stochastic and RSI charts depicts a neutral trend. Moving Averages only show bullish trend on long term run.
Most of the major global indices closed in red last trading session. Brent Crude prices increased. Rupees were weak against Dollars.
India VIX closed at 14.89 with 4.42% increase.
GOOD LUCK.................
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