LAST MONDAY’S (02.05.2011) CLOSE WAS AT 5701.30 (- 48.20 POINTS). THE DAY HIGH WAS 5775.25 AND LOW WAS 5687.70. WEEKLY HIGH IS AT 5912 AND THE WEEKLY LOW IS AT 5687.
5DMA=5788
20DMA=5833
50DMA=5629
200DMA=5749
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5688, 5640 AND 5600 LEVEL AND RESISTANCE ARE AT 5774, 5800 AND 5824 LEVEL.
50DMA=5629
200DMA=5749
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5688, 5640 AND 5600 LEVEL AND RESISTANCE ARE AT 5774, 5800 AND 5824 LEVEL.
5-DAY RSI AT 24 AND 14-DAY RSI AT 46 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5730 FOR TARGET 5770/5824; STOPLOSS BELOW 5710.
SELL NIFTY FUTURE BELOW 5700 FOR TARGET 5670/5650; STOPLOSS ABOVE 5734.
BUY BANK NIFTY FUTURE ABOVE 11,350 FOR TARGET 11,440/11,530; STOPLOSS BELOW 11,310
BUY BANK NIFTY FUTURE AROUND 11,150 FOR TARGET 11,220/11,255; STOPLOSS BELOW 11,100
SELL BANK NIFTY FUTURE AROUND 11260 FOR TARGET 11220/11170; STOPLOSS ABOVE 11310