MAJOR RESISTANCE LEVELS: 5828-5853-5869
MAJOR SUPPORT LEVELS : 5805-5785-5768
MIDDLE TERM TARGET : 5905-5935
Nifty increased 34 points yesterday. JPASSOCIAT increased 5.67% and became NSE top gainer.
Nifty (closing): 5818.60
Nifty is neutral now. But, there is a probability for a fall today. Anyway, positions, both long and short should be taken carefully today.
MACD still indicates bearish trend, while, RSI shows neutral trend. But, Stochastic indicates a bullish trend. Middle Bollinger Band stands at 5853 and Lower Bollinger Band at 5691.
Brent Crude prices decreased remarkably. Rupees got mild strength. Global markets closed at steady and mixed trend.
India VIX closed at 13.40 with mild increase of 0.01 point.
GOOD LUCK................
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