LAST THURSDAY’S (30.06.2011) CLOSE WAS AT 5647.40 (+ 46.95 POINTS). THE DAY HIGH WAS 5657.90 AND LOW WAS 5606.10. WEEKLY HIGH IS AT 5657.90 AND THE WEEKLY LOW IS AT 5195.
5DMA=5558
20DMA=5463 20EMA=5477
50DMA=5524 50EMA=5513
100DMA=5540 100EMA=5569
200DMA=5750 200EMA=5582
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5620, 5605 AND 5577 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5659, 5670 AND 5700 LEVEL.
5-DAY RSI AT 85 AND 14-DAY RSI AT 63.97 INDICATES NIFTY IS IN BULLISH AND IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5661 FOR TARGET 5680/5700; STOPLOSS BELOW 5641.
SELL NIFTY FUTURE BELOW 5621 FOR TARGET 5605/5580; STOPLOSS ABOVE 5641.
BUY BANKNIFTY FUTURE AROUND 11,190 FOR TARGET 11,240/11,280; STOPLOSS BELOW 11,150.
SELL BANKNIFTY FUTURE BELOW 11,150 FOR TARGET 11,120/11,090; STOPLOSS ABOVE 11,190.
