LAST MONDAY’S (20.06.2011) CLOSE WAS AT 5257.90 (- 108.50 POINTS). THE DAY HIGH WAS 5377.40 AND LOW WAS 5195.90. WEEKLY HIGH IS AT 5570 AND THE WEEKLY LOW IS AT 5195.
5DMA=5394
20DMA=5470 20EMA=5463
50DMA=5583 50EMA=5530
100DMA=5553 100EMA=5587
200DMA=5756 200EMA=5591
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5250, 5201 AND 5177 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5300, 5331, 5350 AND 5377 LEVEL.
5-DAY RSI AT 19 AND 14-DAY RSI AT 29 INDICATES NIFTY IS IN OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5280 FOR TARGET 5300/5331; STOPLOSS BELOW 5260.
SELL NIFTY FUTURE BELOW 5250 FOR TARGET 5220/5200; STOPLOSS ABOVE 5260.
BUY BANKNIFTY FUTURE AROUND 10550 FOR TARGET 10,600/10,640; STOPLOSS BELOW 10,510.
SELL BANKNIFTY FUTURE BELOW 10,460 FOR TARGET 10,410/10,380; STOPLOSS ABOVE 10,490.
