LAST FRIDAY’S (03.06.2011) CLOSE WAS AT 5516.75 (- 33.60 POINTS). THE DAY HIGH WAS 5604.95 AND LOW WAS 5507.20. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5328.
5DMA=5538
20DMA=5484
50DMA=5646
100DMA=5577
200DMA=5757
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5490, 5460 AND 5438 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 5500, 5490, 5460 AND 5438 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5590, 5611 AND 5634 LEVEL.
5-DAY RSI AT 53 AND 14-DAY RSI AT 49 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5550 FOR TARGET 5577/5594; STOPLOSS BELOW 5534.
SELL NIFTY FUTURE AROUND 5531 FOR TARGET 5510/5490; STOPLOSS ABOVE 5550.
BUY NIFTY FUTURE AROUND 5490 FOR TARGET 5530/5541; STOPLOSS BELOW 5470.
BUY BANKNIFTY FUTURE ABOVE 10,820 FOR TARGET 10,860/10,910; STOPLOSS BELOW 10,770
SELL BANKNIFTY FUTURE BELOW 10,730 FOR TARGET 10,680/10,640; STOPLOSS ABOVE 10,770.
