LAST THURSDAY’S (02.06.2011) CLOSE WAS AT 5550.35 (- 41.65 POINTS). THE DAY HIGH WAS 5568.20 AND LOW WAS 5521.95. WEEKLY HIGH IS AT 5597 AND THE WEEKLY LOW IS AT 5328.
5DMA=5530 20EMA=5517
20DMA=5485 50EMA=5575
50DMA=5644 100EMA=5622
200DMA=5757 200EMA=5610
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5524, 5511, 5502 AND 5489 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5590, 5611 AND 5634 LEVEL.
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5524, 5511, 5502 AND 5489 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5590, 5611 AND 5634 LEVEL.
5-DAY RSI AT 62 AND 14-DAY RSI AT 51 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5574 FOR TARGET 5590/5610; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE BELOW 5535 FOR TARGET 5510/5490; STOPLOSS ABOVE 5550.
BUY BANKNIFTY FUTURE ABOVE 10,880 FOR TARGET 10,930/10,970; STOPLOSS BELOW 10,850
SELL BANKNIFTY FUTURE BELOW 10,800 FOR TARGET 10,750/10,710; STOPLOSS ABOVE 10,845.
