MAJOR RESISTANCE LEVELS: 5863-5887-5904
MAJOR SUPPORT LEVELS : 5839-5819-5798
MIDDLE TERM TARGET : 5760-5790
Nifty closed steadily on Friday with the lost of 2 points. BHARTIARTEL increased 4.51% and became top gainer in NSE.
Nifty (closing): 5850.30
Nifty is at clear bearish zone. Most probably, Nifty may open positively at a range of 5860-5885. Then, it may loose strength. A negative or steady closing can be expected on Monday. Long positions should be avoided today.
MACD and Stochastic indicates bearish trend, while, RSI depicts a neutral trend. Moving Averages also shows neutral trend on long term run. Middle Bollinger Band lies at 5949 and Lower Bollinger Band at 5820.
Almost all the major indices closed in green except Hang Seng decreased 0.55%. Brent Crude prices increased slightly. Rupees got strength against US Dollar.
India VIX closed at 16.79 with 0.89% decrease.
GOOD LUCK...........................
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