LAST TUESDAY’S (31.05.2011) CLOSE WAS AT 5560.15 (+ 87.05 POINTS). THE DAY HIGH WAS 5571.60 AND LOW WAS 5489.70. WEEKLY HIGH IS AT 5571 AND THE WEEKLY LOW IS AT 5328.
5DMA=5454 20EMA=5504
20DMA=5478 50EMA=5575
50DMA=5636 100EMA=5623
200DMA=5755 200EMA=5611
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5530. IMMEDIATE INTRADAY SUPPORTS ARE AT 5550, 5524, 5502 AND 5489 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5574, 5611 AND 5634 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5530. IMMEDIATE INTRADAY SUPPORTS ARE AT 5550, 5524, 5502 AND 5489 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5574, 5611 AND 5634 LEVEL.
5-DAY RSI AT 73 AND 14-DAY RSI AT 52 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5570 FOR TARGET 5590/5625; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE BELOW 5550 FOR TARGET 5530/5511; STOPLOSS ABOVE 5570.
BUY NIFTY FUTUTE AROUND 5500 FOR TARGET 5540/5560; STOPLOSS ABOVE 5480.
BUY BANKNIFTY FUTURE ABOVE 10,950 FOR TARGET 10,990/11,040; STOPLOSS BELOW 10,910
SELL BANK NIFTY FUTURE BELOW 10,860 FOR TARGET 10,820/10,790; STOPLOSS ABOVE 10,890.
