LAST WEDNESDAY’S (01.06.2011) CLOSE WAS AT 5592.00 (+ 31.85 POINTS). THE DAY HIGH WAS 5597.35 AND LOW WAS 5559.45. WEEKLY HIGH IS AT 5597 AND THE WEEKLY LOW IS AT 5328.
5DMA=5503 20EMA=5513
20DMA=5481 50EMA=5576
50DMA=5640 100EMA=5623
200DMA=5756 200EMA=5610
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 5611, 5634 AND 5650 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 5611, 5634 AND 5650 LEVEL.
5-DAY RSI AT 76 AND 14-DAY RSI AT 55 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5600 FOR TARGET 5625/5640; STOPLOSS BELOW 5570.
SELL NIFTY FUTURE BELOW 5550 FOR TARGET 5530/5511; STOPLOSS ABOVE 5570.
BUY NIFTY FUTUTE AROUND 5570 FOR TARGET 5600/5620; STOPLOSS ABOVE 5550.
BUY BANKNIFTY FUTURE ABOVE 10,990 FOR TARGET 11,045/11,070; STOPLOSS BELOW 10,950
SELL BANKNIFTY FUTURE BELOW 10,950 FOR TARGET 10,910/10,880; STOPLOSS ABOVE 10,970.
