LAST THURSDAY’S (21.04.2011) CLOSE WAS AT 5884.70 (+ 33.05 POINTS). THE DAY HIGH WAS 5912 AND LOW WAS 5864. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5806
20DMA=5785
50DMA=5574
200DMA=5735
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5860, 5826 AND 5800 LEVEL. RESISTANCE ARE AT 5900, 5944 AND 5967 LEVEL.
50DMA=5574
200DMA=5735
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5860, 5826 AND 5800 LEVEL. RESISTANCE ARE AT 5900, 5944 AND 5967 LEVEL.
5-DAY RSI AT 63 AND 14-DAY RSI AT 60 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5911 FOR TARGET 5934/5959; STOPLOSS BELOW 5884.
SELL NIFTY FUTURE BELOW 5860 FOR TARGET 5840/5820; STOPLOSS ABOVE 5880.
SELL NIFTY FUTURE AROUND 5930 FOR TARGET 5902/5885; STOPLOSS 5950
BUY BANK NIFTY FUTURE ABOVE 11,950 FOR TARGET 12,000/12,040; STOPLOSS BELOW 11,910
SELL BANK NIFTY FUTURE AROUND 12,050 FOR TARGET 11,960/11,940; STOPLOSS ABOVE 12,100
