MAJOR RESISTANCE LEVELS: 5919-5975-6007
MAJOR SUPPORT LEVELS : 5850-5815-5762
Nifty lost 36 points (0.62%) on Friday. But, PHARMA stocks gained in their prices.
Nifty (closing): 5872.60
Nifty is making irregular movements these days. Both long and short positions should be taken very carefully.
MACD indicates a bullish trend, while RSI and Stochastic charts show a neutral trend for Nifty. Upper Bollinger Band is at 6004 and Middle Bollinger at 5846.
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Asian markets showed a mixed trend on Friday. But, European and US markets closed in red last trading session. Brent Crude prices increased. Rupees could not get strength against Dollars.
India VIX closed at 15.16 with 3.41% increase.
GOOD LUCK.............
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