LAST TUESDAY’S (26.04.2011) CLOSE WAS AT 5868.40 (- 6.10 POINTS). THE DAY HIGH WAS 5893 AND LOW WAS 5791. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5844
20DMA=5822
50DMA=5597
200DMA=5741
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=5597
200DMA=5741
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 58 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 5935 FOR TARGET 5890/5865; STOPLOSS ABOVE 5955
BUY BANK NIFTY FUTURE ABOVE 11,910 FOR TARGET 12,970/12,000; STOPLOSS BELOW 11,870
SELL BANK NIFTY FUTURE AROUND 12,060 FOR TARGET 11,960/11,920; STOPLOSS ABOVE 12,110
