MAJOR RESISTANCE LEVELS: 5820-5851-5890
MAJOR SUPPORT LEVELS : 5765-5725-5694
Nifty got a correction of 35.55 points for previous fall yesterday. JPASSOCIAT got 5.85% on Wednesday. RANBAXY was the top loser in NSE with 4.39% decrease.
Nifty ( closing ): 5796.90
Nifty is at neutral status now. It may get good support at 5765-5780 range.
MACD still indicates bearish trend, while, Stochastic depicts a bullish trend. RSI and Moving Averages shows a neutral trend. Lower Bollinger Band stands at 5781 and Middle Bollinger Band at 5909.
Brent Crude prices decreased. In addition, Rupees got strength against Dollars. Global indices closed in green except NIKKEI which showed a decrease of 1.29%.
India VIX closed at 16.23 with 1.13 loss ( 6.51%).
GOOD LUCK..................
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