LAST TUESDAY’S (19.07.2011) CLOSE WAS AT 5613.55 (+ 46.50 POINTS). THE DAY HIGH WAS 5627.65 AND LOW WAS 5557.20. WEEKLY HIGH IS AT 5653 AND THE WEEKLY LOW IS AT 5541.
5DMA=5589
9DMA=5509
14DMA=5619
20DMA=5570
50DMA=5507
100DMA=5571
200DMA=5726
IMMEDIATE TREND IS POSITIVE. BULLISH TREND WILL BE ABOVE 5667/5700. IMMEDIATE INTRADAY SUPPORTS ARE AT 5580, 5550 AND 5524 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5640, 5659 AND 5700 LEVEL.
5-DAY RSI AT 56 AND 14-DAY RSI AT 54.76 INDICATES NIFTY IS IN NEUTRAL ZONE AND ENTERING IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5641 FOR TARGET 5667; STOPLOSS BELOW 5620
SELL NIFTY FUTURE BELOW 5600 FOR TARGET 5577/5550; STOPLOSS ABOVE 5621.
BUY BANKNIFTY AROUND 11370 FOR TARGET 11420/11460; STOPLOSS BELOW 11330.
SELL BANKNIFTY BELOW 11285 FOR TARGET 11240/11200; STOPLOSS ABOVE 11330.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
