LAST MONDAY’S (22.03.2011) CLOSE WAS AT 5413.85 (+ 49.10 POINTS). THE DAY HIGH WAS 5428 AND LOW WAS 5376. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5348.
5DMA=5422
20DMA=5447
50DMA=5510
200DMA=5681
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5400, 5378 AND 5340 LEVEL. RESISTANCE ARE AT 5424, 5460 AND THEN 5510 LEVEL.
50DMA=5510
200DMA=5681
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5400, 5378 AND 5340 LEVEL. RESISTANCE ARE AT 5424, 5460 AND THEN 5510 LEVEL.
5-DAY RSI AT 45 AND 14-DAY RSI AT 46 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5450 FOR TARGET 5480/5500; STOPLOSS BELOW 5420.
BUY NIFTY FUTURE ABOVE 5378 FOR TARGET 5419/5450; STOPLOSS BELOW 5360
SELL NIFTY FUTURE BELOW 5390 FOR TARGET 5350/5320 STOPLOSS ABOVE 5411
SELL BANK NIFTY FUTURE BELOW 10,740 FOR TARGET 10,680/10,610; STOPLOSS ABOVE 10,800
