LAST MONDAY’S (25.04.2011) CLOSE WAS AT 5874.50 (- 10.20 POINTS). THE DAY HIGH WAS 5909 AND LOW WAS 5857. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5816
20DMA=5804
50DMA=5585
200DMA=5738
IMMEDIATE TREND IS NEUTRAL. NEGATIVE TREND WILL BE BELOW 5711. POSITIVE TREND WILL BE ABOVE 5900. IMMEDIATE INTRADAY SUPPORTS ARE AT 5860, 5826 AND 5800 LEVEL. RESISTANCE ARE AT 5900, 5944 AND 5967 LEVEL.
50DMA=5585
200DMA=5738
IMMEDIATE TREND IS NEUTRAL. NEGATIVE TREND WILL BE BELOW 5711. POSITIVE TREND WILL BE ABOVE 5900. IMMEDIATE INTRADAY SUPPORTS ARE AT 5860, 5826 AND 5800 LEVEL. RESISTANCE ARE AT 5900, 5944 AND 5967 LEVEL.
5-DAY RSI AT 60 AND 14-DAY RSI AT 59 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5890 FOR TARGET 5917/5935; STOPLOSS BELOW 5864.
SELL NIFTY FUTURE BELOW 5860 FOR TARGET 5840/5820; STOPLOSS ABOVE 5880.
SELL NIFTY FUTURE AROUND 5920 FOR TARGET 5890/5865; STOPLOSS 5935
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
