NIFTY TREND FOR 12-03-2013
MAJOR RESISTANCE LEVELS: 5962-5985-6004
MAJOR SUPPORT LEVELS : 5932-5913-5888
Indian markets moved up and down so many times. Nifty closed steadily with the loss of 3 points. But, SIEMENS increased 4.78% and became Top NSE Gainer yesterday. Our INTRADAY TIP achieved first target last day.
Nifty (closing): 5942.35
Nifty closed at bearish zone on Monday. Long positions should be taken carefully.
MACD and Stochastics show bullish trend. But, RSI indicates a neutral trend.Moving Averages also depicts neutral trend. Another important thing is that there is a doji formed on the Candlestick Pattern. But, Nifty may touch Upper Bollinger Band level today, although it may come lower today. Upper Bollinger Band stands at 6012 and Middle Bollinger Band at 5848.
European markets were closed in mixed trend with mild changes. US markets closed at slightly positive zone. Asian markets are being traded like closing of US markets ( slight positive). Brent Crude prices decreased remarkably. But, Indian Rupees could not be strength against US Dollars.
India VIX closed at 14.25 with 6.82% increase.
GOOD LUCK...............
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