LAST TUESDAY’S (07.06.2011) CLOSE WAS AT 5556.15 (+ 24.10 POINTS). THE DAY HIGH WAS 5570.10 AND LOW WAS 5507.80. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5458.
5DMA=5549
20DMA=5483
50DMA=5648
100DMA=5577
200DMA=5758
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5541, 5524 AND 5500 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5577, 5590 AND 5611 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5541, 5524 AND 5500 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5577, 5590 AND 5611 LEVEL.
5-DAY RSI AT 63 AND 14-DAY RSI AT 52 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5577 FOR TARGET 5594/5610; STOPLOSS BELOW 5550.
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 10,930 FOR TARGET 10,990/11,025; STOPLOSS BELOW 10,880.
SELL BANKNIFTY FUTURE BELOW 10,840 FOR TARGET 10,800/10,780; STOPLOSS ABOVE 10,880.
