LAST THURSDAY’S (19.05.2011) CLOSE WAS AT 5428.10 (+ 7.50 POINTS). THE DAY HIGH WAS 5452.60 AND LOW WAS 5411.25. WEEKLY HIGH IS AT 5605 AND THE WEEKLY LOW IS AT 5401.
5DMA=5466
20DMA=5614
50DMA=5644
50DMA=5644
50SMA=5644
100SMA=5642
100DMA=5648
200DMA=5756
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5550. IMMEDIATE INTRADAY SUPPORTS ARE AT 5401, 5376 AND 5349 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5438, 5464, 5477, 5490 AND 5511 LEVEL.
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5550. IMMEDIATE INTRADAY SUPPORTS ARE AT 5401, 5376 AND 5349 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5438, 5464, 5477, 5490 AND 5511 LEVEL.
5-DAY RSI AT 28 AND 14-DAY RSI AT 36 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5445 FOR TARGET 5460/5477; STOPLOSS BELOW 5421.
SELL NIFTY FUTURE BELOW 5400 FOR TARGET 5376/5349; STOPLOSS ABOVE 5425.
SELL NIFTY FUTURE AROUND 5490 FOR TARGET 5464/5430; STOPLOSS ABOVE 5511.
BUY BANKNIFTY FUTURE ABOVE 10,600 FOR TARGET 10,650/10,680; STOPLOSS BELOW 10,550
SELL BANK NIFTY FUTURE BELOW 10,510 FOR TARGET 10,460/10,420; STOPLOSS ABOVE 10,550.
