MAJOR RESISTANCE LEVELS: 5803-5828-5874
MAJOR SUPPORT LEVELS : 5746-5702-5675
MIDDLE TERM TARGET : 5904-5934
Indian markets increased steadily last day. Nifty got 86 points with 1.50%. SESAGOA was the NSE top gainer which increased 5.27%.
Nifty (closing): 5784.25
Nifty turned into bullish trend. But, there is slight chance for a correction too. Nifty may get proper resistance at 5860-5875 range.
MACD depicts bearish market. RSI indicates neutral trend. Stochastic turned into bullish trend from neutral trend. Middle Bollinger Band stands at 5856 and Lower Bollinger Band at 5672.
Almost all the global indices closed in green last trading session. Brent Crude prices increased. Indian Rupees were weak against Dollars. India VIX closed at 13.39 with 2.05% decrease.
GOOD LUCK......................
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