LAST FRIDAY’S (13.05.2011) CLOSE WAS AT 5544.75 (+ 58.60 POINTS). THE DAY HIGH WAS 5605.00 AND LOW WAS 5472.15. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5538
20DMA=5682
50DMA=5649
50DMA=5649
200DMA=5755
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5480. IMMEDIATE INTRADAY SUPPORTS ARE AT 5534, 5510 AND 5480 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5590, 5623 AND 5643 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5480. IMMEDIATE INTRADAY SUPPORTS ARE AT 5534, 5510 AND 5480 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5590, 5623 AND 5643 LEVEL.
5-DAY RSI AT 44 AND 14-DAY RSI AT 42 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5590 FOR TARGET 5624/5640; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE AROUND 5550 FOR TARGET 5510/5480; STOPLOSS ABOVE 5590.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5440/5420; STOPLOSS ABOVE 5480.
BUY BANK NIFTY FUTURE ABOVE 11,110 FOR TARGET 11,150/11,180; STOPLOSS BELOW 11,060.
SELL BANK NIFTY FUTURE BELOW 11,020 FOR TARGET 10,970/10,940; STOPLOSS ABOVE 11,060.
....MORE CALLS....
