LAST TUESDAY’S (15.03.2011) CLOSE WAS AT 5449.65 (- 81.85 POINTS). THE DAY HIGH WAS 5497 AND LOW WAS 5373. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5373.
5DMA=5490
20DMA=5466
50DMA=5574
200DMA=5672
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5422, 5400 AND THEN 5370 LEVEL. RESISTANCE ARE AT 5460, 5480 AND THEN 5519 LEVEL.
50DMA=5574
200DMA=5672
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5422, 5400 AND THEN 5370 LEVEL. RESISTANCE ARE AT 5460, 5480 AND THEN 5519 LEVEL.
5-DAY RSI AT 44 AND 14-DAY RSI AT 47 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5489 FOR TARGET 5531/5550; STOPLOSS BELOW 5458.
SELL NIFTY FUTURE BELOW 5422 FOR TARGET 5400/5378; STOPLOSS ABOVE 5441
SELL NIFTY FUTURE BELOW 5422 FOR TARGET 5400/5378; STOPLOSS ABOVE 5441
SELL BANK NIFTY FUTURE BELOW 10,670 FOR TARGET 10,620/10,550; STOPLOSS ABOVE 10,720
