LAST WEDNESDAY’S (06.07.2011) CLOSE WAS AT 5625.45 (- 6.65 POINTS). THE DAY HIGH WAS 5655.40 AND LOW WAS 5610.75. WEEKLY HIGH IS AT 5705.80 AND THE WEEKLY LOW IS AT 5477.
5DMA=5637
9DMA=5591
14DMA=5487
20DMA=5483
50DMA=5506
100DMA=5558
200DMA=5745
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5610 AND 5577 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5659, 5670 AND 5700 LEVEL.
5-DAY RSI AT 69 AND 14-DAY RSI AT 60.54 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5641 FOR TARGET 5667/5690; STOPLOSS BELOW 5610(NIFTY SPOT).
SELL NIFTY FUTURE BELOW 5634 FOR TARGET 5610; STOPLOSS ABOVE 5641.
BUY NIFTY FUTURE AROUND 5600/5610 FOR TARGET 5641/5667; STOPLOSS BELOW 5580.
TRY TO AVOID BANKNIFTY FOR SOME DAYS TILL NEXT RBI POLICY.
