MAJOR RESISTANCE LEVELS: 5726-5767-5792
MAJOR SUPPORT LEVELS : 5677-5651-5613
Indian markets closed with loss yesterday due to instability in central government. DMK, one of the ruling alliance party withdrew it's support to UPA government. Nifty lost 52 points (0.90%) on Wednesday. RELINFRA was the biggest loser in NSE and it lost a remarkable rate at 8.91%. But, HINDUNLVR increased 3.58% .
Nifty (closing): 5694.40
Nifty closed at a neutral status yesterday. There is chance for buying as the part of correction. Anyway, Nifty may get good support at 5660-5675 level.
MACD and Stochastic show bearish trend, while, RSI depicts neutral trend. Nifty came close to Lower Bollinger Band level, 5663 last day. Middle Bollinger Band is at 5821.
Global markets showed a positive trend last day except Indian markets and FTSE 100 ( it closed with slight loss). Brent Crude prices decreased. Rupees closed steadily against Dollars.
India VIX closed at 16.66 with trivial loss of 0.30%.
GOOD LUCK...........
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