LAST MONDAY’S (21.03.2011) CLOSE WAS AT 5364.75 (- 8.95 POINTS). THE DAY HIGH WAS 5413 AND LOW WAS 5348. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5348.
5DMA=5429
20DMA=5453
50DMA=5519
200DMA=5679
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5333 AND 5300 LEVEL. RESISTANCE ARE AT 5378, 5400, 5420 AND THEN 5510 LEVEL.
50DMA=5519
200DMA=5679
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5333 AND 5300 LEVEL. RESISTANCE ARE AT 5378, 5400, 5420 AND THEN 5510 LEVEL.
5-DAY RSI AT 33 AND 14-DAY RSI AT 43 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5400 FOR TARGET 5424/5441; STOPLOSS BELOW 5377.
SELL NIFTY FUTURE BELOW 5370 FOR TARGET 5350/5310; STOPLOSS BELOW 5400
SELL NIFTY FUTURE AROUND 5400 FOR TARGET 5370/5340 STOPLOSS ABOVE 5430
SELL BANK NIFTY FUTURE BELOW 10,750 FOR TARGET 10,680/10,620; STOPLOSS ABOVE 10,800
