LAST THURSDAY’S (28.04.2011) CLOSE WAS AT 5785.45 (- 48.45 POINTS). THE DAY HIGH WAS 5856.40 AND LOW WAS 5776.95. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5849
20DMA=5836
50DMA=5619
200DMA=5746
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5750, 5731 AND 5702 LEVEL. RESISTANCE ARE AT 5800, 5822 AND 5850 LEVEL.
50DMA=5619
200DMA=5746
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5750, 5731 AND 5702 LEVEL. RESISTANCE ARE AT 5800, 5822 AND 5850 LEVEL.
5-DAY RSI AT 37 AND 14-DAY RSI AT 52 INDICATES NIFTY IS IN CRITICAL WITH NEGATIVE BIAS ZONE.
BUY NIFTY FUTURE ABOVE 5820 FOR TARGET 5845/5864; STOPLOSS BELOW 5800.
SELL NIFTY FUTURE BELOW 5770 FOR TARGET 5750/5730; STOPLOSS ABOVE 5800.
BUY BANK NIFTY FUTURE ABOVE 11,820 FOR TARGET 11,860/11,910; STOPLOSS BELOW 11,770
SELL BANK NIFTY FUTURE AROUND 11,730 FOR TARGET 11,680/11,640; STOPLOSS ABOVE 11,770
