MAJOR RESISTANCE LEVELS: 5826-5915-5969
MAJOR SUPPORT LEVELS : 5702-5645-5559
Indian markets showed a blood bath yesterday. Nifty lost 89 points (1.53%) on Tuesday. BHEL was the NSE top loser which lost 5.06% last day.
Nifty (closing): 5745.95
Nifty closed at neutral zone yesterday. Both long and short positions should be taken very carefully. Most probably, there is a chance for positive closing today.
MACD turned from bullish to neutral trend. RSI also reveals neutral trend. Stochastic indicates bearish trend. Upper Bollinger Band is at 5987, Middle Bollinger Band at 5832 and Lower Bollinger Band is at 5677.
US markets closed in positive zone on Tuesday. European and Asian markets closed in mixed trend. Brent Crude prices decreased remarkably. Rupees lost strength against Dollars.
India VIX closed at 16.71 with 5.43% increase.
GOOD LUCK.....................
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