MAJOR RESISTANCE LEVELS: 5967-5993-6038
MAJOR SUPPORT LEVELS : 5907-5863-5834
We are proudly declares that Nifty has hit our Middle Term Target ( 5904-5934) on 4th trading day on Friday. It was given on 5th March ( REFERENCE: NIFTY TODAY: EPISODE 237) when Nifty closed at 5784.
Indian markets were closed with huge gain last trading session. Nifty gained 82 points (1.41%). JINDALSTEL were the top gainer in NSE and it gained 5.70% on Friday.
Nifty (closing): 5945.70
Though Nifty gained 82 points last day, it closed at neutral zone. There is a good possibility for a correction too. So, Long positions should be taken carefully.
MACD and Stochastic indicate bullish trend. RSI still depicts a neutral trend. Upper Bollinger Band is at 6006 and Middle Bollinger Band at 5848.
Global markets showed a mixed trend. US markets were slightly up, while, Asian markets showed a mixed trend during closing. Asian markets also closed with gain on Friday. Brent Crude prices decreased remarkably. Rupees got strength against Dollars.
India VIX closed at 13.34 with 2.07% increase.
GOOD LUCK.....................
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