LAST THURSDAY’S (09.06.2011) CLOSE WAS AT 5521.05 (- 5.80 POINTS). THE DAY HIGH WAS 5540.10 AND LOW WAS 5502.05. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5458.
5DMA=5531
20DMA=5483 20EMA=5522
50DMA=5642 50EMA=5567
100DMA=5576 100EMA=5613
200DMA=5758 200EMA=5606
IMMEDIATE TREND IS NEUTRAL WITH NEGATIVE BIAS. POSITIVE TREND WILL BE ABOVE 5547. NEGATIVE TREND WILL BE BELOW 5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5490 AND 5463 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5541, 5577, 5590 AND 5605 LEVEL.
IMMEDIATE TREND IS NEUTRAL WITH NEGATIVE BIAS. POSITIVE TREND WILL BE ABOVE 5547. NEGATIVE TREND WILL BE BELOW 5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5490 AND 5463 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5541, 5577, 5590 AND 5605 LEVEL.
5-DAY RSI AT 50 AND 14-DAY RSI AT 49 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5535 FOR TARGET 5564/5777; STOPLOSS BELOW 5510.
SELL NIFTY FUTURE AROUND 5490 FOR TARGET 5468/5450; STOPLOSS ABOVE 5510.
BUY BANKNIFTY FUTURE ABOVE 10,820 FOR TARGET 10,860/10,900; STOPLOSS BELOW 10,780.
SELL BANKNIFTY FUTURE BELOW 10,740 FOR TARGET 10,700/10,680; STOPLOSS ABOVE 10,780.
