LAST FRIDAY’S (06.05.2011) CLOSE WAS AT 5551.45 (+ 91.60 POINTS). THE DAY HIGH WAS 5564.40 AND LOW WAS 5472.45. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5563
20DMA=5763
50DMA=5631
50DMA=5631
100DMA=5681
200DMA=5751
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5531. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5485 AND 5460 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5589, 5620 AND 5550 LEVEL.
200DMA=5751
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5531. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5485 AND 5460 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5589, 5620 AND 5550 LEVEL.
5-DAY RSI AT 34 AND 14-DAY RSI AT 40 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5570 FOR TARGET 5590/5624; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE AROUND 5534 FOR TARGET 5511/5489; STOPLOSS ABOVE 5550.
SELL NIFTY FUTURE AROUND 5655 FOR TARGET 5610/5580; STOPLOSS ABOVE 5680.
BUY BANK NIFTY FUTURE ABOVE 11,200 FOR TARGET 11,270/11,300; STOPLOSS BELOW 11,150.
SELL BANK NIFTY FUTURE BELOW 11,085 FOR TARGET 11,030/10,790; STOPLOSS ABOVE 11,140.
