LAST FRIDAY’S (01.04.2011) CLOSE WAS AT 5826.05 (- 7.70 POINTS). THE DAY HIGH WAS 5860 AND LOW WAS 5810. WEEKLY HIGH IS AT 5872 AND THE WEEKLY LOW IS AT 5348.
5DMA=5774
20DMA=5554
50DMA=5503
200DMA=5702
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5800, 5740 AND 5700 LEVEL. RESISTANCE ARE AT 5870 AND 5900 LEVEL.
50DMA=5503
200DMA=5702
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5800, 5740 AND 5700 LEVEL. RESISTANCE ARE AT 5870 AND 5900 LEVEL.
5-DAY RSI AT 86 AND 14-DAY RSI AT 68 INDICATES NIFTY IS IN BULLISH ZONE AND ALMOST IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5860 FOR TARGET 5880/5910; STOPLOSS BELOW 5840.
SELL NIFTY FUTURE AROUND 5889 FOR TARGET 5840/5810; STOPLOSS ABOVE 5924
SELL NIFTY FUTURE BELOW 5822 FOR TARGET 5770/5730; STOPLOSS ABOVE 5840
BUY BANK NIFTY FUTURE ABOVE 11,730 FOR TARGET 11,770/11,820; STOPLOSS BELOW 11,685
SELL BANK NIFTY FUTURE BELOW 11580 FOR TARGET 11530/11480; STOPLOSS ABOVE 11630
