LAST THURSDAY’S (07.07.2011) CLOSE WAS AT 5728.95 (+ 103.50 POINTS). THE DAY HIGH WAS 5737.15 AND LOW WAS 5632.95. WEEKLY HIGH IS AT 5737.15 AND THE WEEKLY LOW IS AT 5477.
5DMA=5653
9DMA=5620
14DMA=5513
20DMA=5493
50DMA=5505
100DMA=5562
200DMA=5744
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5710, 5689 AND 5650 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5745, 5770 AND 5800 LEVEL.
5-DAY RSI AT 69 AND 14-DAY RSI AT 67.36 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5745 FOR TARGET 5770/5790; STOPLOSS BELOW 5710.
SELL NIFTY FUTURE BELOW 5710 FOR TARGET 5680/5660; STOPLOSS ABOVE 5745.
TRY TO AVOID BANKNIFTY FOR SOME DAYS TILL NEXT RBI POLICY.
