LAST WEDNESDAY’S (06.04.2011) CLOSE WAS AT 5891.75 (- 18.30 POINTS). THE DAY HIGH WAS 5944 AND LOW WAS 5868. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5643.
5DMA=5874
20DMA=5613
50DMA=5514
200DMA=5711
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5854, 5840 AND 5802 LEVEL. RESISTANCE ARE AT 5914, 5931 AND 5955 LEVEL.
50DMA=5514
200DMA=5711
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5854, 5840 AND 5802 LEVEL. RESISTANCE ARE AT 5914, 5931 AND 5955 LEVEL.
5-DAY RSI AT 82 AND 14-DAY RSI AT 69 INDICATES NIFTY IS IN BULLISH ZONE AND ALMOST IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5950 FOR TARGET 5980/6000; STOPLOSS BELOW 5930.
SELL NIFTY FUTURE AROUND 5980 FOR TARGET 5940/5910; STOPLOSS ABOVE 6010
SELL NIFTY FUTURE BELOW 5912 FOR TARGET 5880/5860; STOPLOSS ABOVE 5935
BUY BANK NIFTY FUTURE ABOVE 11,800 FOR TARGET 11,840/11,880; STOPLOSS BELOW 11,755
SELL BANK NIFTY FUTURE BELOW 11,710 FOR TARGET 11,660/11,620; STOPLOSS ABOVE 12,755
