LAST MONDAY’S (25.07.2011) CLOSE WAS AT 5680.30 (+ 46.35 POINTS). THE DAY HIGH WAS 5700.55 AND LOW WAS 5616.70. WEEKLY HIGH IS AT 5700.55 AND THE WEEKLY LOW IS AT 5532.
5DMA=5607
9DMA=5597
14DMA=5609
20DMA=5612
50DMA=5513
100DMA=5580
200DMA=5715
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5640. IMMEDIATE INTRADAY SUPPORTS ARE AT 5650, 5611 AND 5600 LEVEL. BELOW 5600 LEVEL, IT MAY TOUCH 5577 AGAIN. IMMEDIATE INTRADAY RESISTANCE ARE AT 5700, 5715 AND 5740 LEVEL. ABOVE 5740, NEXT RESISTANCE WILL BE AT 5755 AND 5797.
5-DAY RSI AT 69 AND 14-DAY RSI AT 59.09 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5711 FOR TARGET 5731/5750; STOPLOSS BELOW 5689.
BUY NIFTY FUTURE ABOVE 5660 FOR TARGET 5700/5730; STOPLOSS 5650
SELL NIFTY FUTURE BELOW 5650 FOR TARGET 5620/5605; STOPLOSS ABOVE 5667.
AVOID BANKNIFTY TODAY.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
