MAJOR RESISTANCE LEVELS: 5846-5866-5885
MAJOR SUPPORT LEVELS : 5826-5804-5787
Indian markets traded in negative zone all the trading hours last day. Nifty lost 37 points on Monday. COALINDIA was the NSE top loser which decreased 5.72%.
Nifty (closing): 5835.25
Nifty closed yesterday at a neutral zone. Both long and short positions should be taken very carefully today.
When MACD indicates a bullish market, Stochastic depicts a bearish market. RSI shows a neutral trend for Nifty. Upper Bollinger Band is at 5999 and Middle Bollinger Band at 5841. Nifty closed below it's Middle Bollinger Band level last day.
Brent Crude prices decreased. Rupees lost strength against Dollars yesterday. European and US markets closed in red last trading session. But, Asian markets opened and is trading in green right now.
India VIX closed at 15.85 with 4.55% increase.
GOOD LUCK........................
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