LAST MONDAY’S (14.03.2011) CLOSE WAS AT 5531.50 (+ 86.05 POINTS). THE DAY HIGH WAS 5537 AND LOW WAS 5434. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5411.
5DMA=5505
20DMA=5467
50DMA=5588
200DMA=5670
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5500, 5480 AND THEN 5460 LEVEL. RESISTANCE ARE AT 5600, 5630 AND THEN 5670 LEVEL.
50DMA=5588
200DMA=5670
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5500, 5480 AND THEN 5460 LEVEL. RESISTANCE ARE AT 5600, 5630 AND THEN 5670 LEVEL.
5-DAY RSI AT 60 AND 14-DAY RSI AT 52 INDICATES NIFTY IS CLOSE TO ENTERING BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5551 FOR TARGET 5578/5600; STOPLOSS BELOW 5531.
SELL NIFTY FUTURE BELOW 5531 FOR TARGET 5500/5477; STOPLOSS ABOVE 5551
SELL NIFTY FUTURE BELOW 5531 FOR TARGET 5500/5477; STOPLOSS ABOVE 5551
BUY NIFTY FUTURE AROUND 5505 ON THE ABOVE SIDE MOVE FOR TARGET 5545/5570; STOPLOSS BELOW 5490
BUY BANK NIFTY FUTURE AROUND 10,850 FOR TARGET 10,950/11,020; STOPLOSS BELOW 10,780
