LAST THURSDAY’S (10.03.2011) CLOSE WAS AT 5494.40 (-36.60 POINTS). THE DAY HIGH WAS 5516 AND LOW WAS 5468. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5308.
5DMA=5510
5DMA=5510
20DMA=5445
50DMA=5612
200DMA=5666
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5463, 5440 AND THEN 5400 LEVEL. RESISTANCE ARE AT 5511, 5531 AND THEN 5578 LEVEL.
50DMA=5612
200DMA=5666
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5463, 5440 AND THEN 5400 LEVEL. RESISTANCE ARE AT 5511, 5531 AND THEN 5578 LEVEL.
5-DAY RSI AT 52 AND 14-DAY RSI AT 50 INDICATES NIFTY IS IN INDECISIVE ZONE.
BUY NIFTY FUTURE ABOVE 5511 FOR TARGET 5533/5550; STOPLOSS BELOW 5489.
SELL NIFTY FUTURE AROUND 5567 FOR TARGET 5531/5520; STOPLOSS ABOVE 5580
SELL NIFTY FUTURE AROUND 5567 FOR TARGET 5531/5520; STOPLOSS ABOVE 5580
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5441/5420; STOPLOSS 5489
