LAST WEDNESDAY’S (08.06.2011) CLOSE WAS AT 5526.85 (- 29.30 POINTS). THE DAY HIGH WAS 5556.60 AND LOW WAS 5514.90. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5458.
5DMA=5536
20DMA=5482
50DMA=5645
100DMA=5576
200DMA=5758
IMMEDIATE TREND IS NEGAITIVE. POSITIVE TREND WILL BE ABVOE 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5490 AND 5463 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5541, 5577, 5590 AND 5611 LEVEL.
IMMEDIATE TREND IS NEGAITIVE. POSITIVE TREND WILL BE ABVOE 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5490 AND 5463 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5541, 5577, 5590 AND 5611 LEVEL.
5-DAY RSI AT 52 AND 14-DAY RSI AT 49 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5577 FOR TARGET 5594/5610; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE AROUND 5560 FOR TARGET 5540/5510; STOPLOSS ABOVE 5577.
BUY BANKNIFTY FUTURE ABOVE 10,840 FOR TARGET 10,880/10,900; STOPLOSS BELOW 10,810.
SELL BANKNIFTY FUTURE BELOW 10,800 FOR TARGET 10,760/10,730; STOPLOSS ABOVE 10,830.
