LAST WEDNESDAY’S (23.03.2011) CLOSE WAS AT 5480.25 (+ 66.40 POINTS). THE DAY HIGH WAS 5484 AND LOW WAS 5401. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5348.
5DMA=5416
20DMA=5448
50DMA=5504
200DMA=5684
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5460, 5441 AND 5402 LEVEL. RESISTANCE ARE AT 5524, 5550 AND THEN 5589 LEVEL.
50DMA=5504
200DMA=5684
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5460, 5441 AND 5402 LEVEL. RESISTANCE ARE AT 5524, 5550 AND THEN 5589 LEVEL.
5-DAY RSI AT 58 AND 14-DAY RSI AT 51 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5511 FOR TARGET 5531/5550; STOPLOSS BELOW 5489.
BUY NIFTY FUTURE AROUND 5455 FOR TARGET 5490/5520; STOPLOSS BELOW 5430
SELL NIFTY FUTURE BELOW 5450 FOR TARGET 5420/5400 STOPLOSS ABOVE 5460
BUY BANK NIFTY FUTURE AROUND 10,850 FOR TARGET 10,910/10,960; STOPLOSS BELOW 10,800
