LAST MONDAY’S (18.07.2011) CLOSE WAS AT 5567.05 (- 14.05 POINTS). THE DAY HIGH WAS 5596.60 AND LOW WAS 5550.95. WEEKLY HIGH IS AT 5740.40 AND THE WEEKLY LOW IS AT 5541.
5DMA=5572
9DMA=5610
14DMA=5617
20DMA=5553
50DMA=5505
100DMA=5569
200DMA=5729
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5667/5700. IMMEDIATE INTRADAY SUPPORTS ARE AT 5550, 5524 AND 5490 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5611, 5640 AND 5659 LEVEL.
5-DAY RSI AT 43 AND 14-DAY RSI AT 50.92 INDICATES NIFTY IS IN NEUTRAL ZONE AND ENTERING IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5577(SPOT) FOR TARGET 5611/5640; STOPLOSS BELOW 5550(SPOT).
SELL NIFTY FUTURE BELOW 5545 FOR TARGET 5524/5500; STOPLOSS ABOVE 5561.
BUY BANKNIFTY AROUND 11290 FOR TARGET 11330/11370; STOPLOSS BELOW 11240.
SELL BANKNIFTY BELOW 11205 FOR TARGET 11170/11140; STOPLOSS ABOVE 11240.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
