LAST THURSDAY’S (05.05.2011) CLOSE WAS AT 5459.85 (- 77.30 POINTS). THE DAY HIGH WAS 5560.30 AND LOW WAS 5443.65. WEEKLY HIGH IS AT 5912 AND THE WEEKLY LOW IS AT 5443.
5DMA=5603
20DMA=5782
50DMA=5631
200DMA=5751
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5750. IMMEDIATE INTRADAY SUPPORTS ARE AT 5400, 5365 AND 5348 LEVEL AND RESISTANCE ARE AT 5480, 5510 AND 5550 LEVEL.
50DMA=5631
200DMA=5751
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5750. IMMEDIATE INTRADAY SUPPORTS ARE AT 5400, 5365 AND 5348 LEVEL AND RESISTANCE ARE AT 5480, 5510 AND 5550 LEVEL.
5-DAY RSI AT 9 AND 14-DAY RSI AT 32 INDICATES NIFTY IS IN BEARISH ZONE AND IN OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5460 FOR TARGET 5510/5550; STOPLOSS BELOW 5440.
SELL NIFTY FUTURE AROUND 5520 FOR TARGET 5489/5460; STOPLOSS ABOVE 5548.
