LAST FRIDAY’S (22.07.2011) CLOSE WAS AT 5633.95 (+ 92.35 POINTS). THE DAY HIGH WAS 5642.20 AND LOW WAS 5567.10. WEEKLY HIGH IS AT 5653 AND THE WEEKLY LOW IS AT 5532.
5DMA=5585
9DMA=5580
14DMA=5606
20DMA=5603
50DMA=5510
100DMA=5579
200DMA=5717
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5611, 5600 AND 5577 LEVEL. BELOW 5577 LEVEL, IT MAY TOUCH 5550 AND 5511 AGAIN. IMMEDIATE INTRADAY RESISTANCE ARE AT 5641, 5659 AND 5667 LEVEL. ABOVE 5667, NEXT RESISTANCE WILL BE AT 5690 AND 5730.
5-DAY RSI AT 61 AND 14-DAY RSI AT 55.85 INDICATES NIFTY IS NEAR BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5641 FOR TARGET 5667/5689; STOPLOSS BELOW 5620.
SELL NIFTY FUTURE BELOW 5600 FOR TARGET 5570/5550; STOPLOSS ABOVE 5620.
AVOID BANKNIFTY FOR THE TIME BEING ATLEAST TILL 26TH JULY, 2011.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
