LAST THURSDAY’S (31.03.2011) CLOSE WAS AT 5833.75 (+ 46.10 POINTS). THE DAY HIGH WAS 5872 AND LOW WAS 5778. WEEKLY HIGH IS AT 5872 AND THE WEEKLY LOW IS AT 5348.
5DMA=5740
20DMA=5539
50DMA=5500
200DMA=5699
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5800, 5740 AND 5700 LEVEL. RESISTANCE ARE AT 5870 AND 5900 LEVEL.
50DMA=5500
200DMA=5699
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5800, 5740 AND 5700 LEVEL. RESISTANCE ARE AT 5870 AND 5900 LEVEL.
5-DAY RSI AT 89 AND 14-DAY RSI AT 68 INDICATES NIFTY IS IN BULLISH ZONE AND ALMOST IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5860 FOR TARGET 5880/5910; STOPLOSS BELOW 5840.
SELL NIFTY FUTURE AROUND 5889 FOR TARGET 5840/5810; STOPLOSS ABOVE 5924
SELL NIFTY FUTURE BELOW 5822 FOR TARGET 5770/5730; STOPLOSS ABOVE 5840
BUY BANK NIFTY FUTURE ABOVE 11,820 FOR TARGET 11,865/11,910; STOPLOSS BELOW 11,770
SELL BANK NIFTY FUTURE AROUND 11780 FOR TARGET 10700/11610; STOPLOSS ABOVE 11840
