LAST TUESDAY’S (26.07.2011) CLOSE WAS AT 5574.85 (- 105.45 POINTS). THE DAY HIGH WAS 5702.25 AND LOW WAS 5560.15. WEEKLY HIGH IS AT 5702.25 AND THE WEEKLY LOW IS AT 5532.
5DMA=5600
9DMA=5595
14DMA=5605
20DMA=5613
50DMA=5516
100DMA=5581
200DMA=5713
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5605. IMMEDIATE INTRADAY SUPPORTS ARE AT 5567, 5550, 5524 AND 5500 LEVEL. BELOW 5500 LEVEL, IT MAY TOUCH 5480/5460 AGAIN. IMMEDIATE INTRADAY RESISTANCE ARE AT 5600, 5631 AND 5659 LEVEL. ABOVE 5660, NEXT RESISTANCE WILL BE AT 5700 AND 5740.
5-DAY RSI AT 44 AND 14-DAY RSI AT 50.10 INDICATES NIFTY IS NEAR BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5611 FOR TARGET 5645/5665; STOPLOSS BELOW 5594.
BUY NIFTY FUTURE AROUND 5567 FOR TARGET 5589/5605; STOPLOSS 5550.
SELL NIFTY FUTURE BELOW 5564 FOR TARGET 5531/5510; STOPLOSS ABOVE 5577.
BUY BANKNIFTY FUTURE ABOVE 11090 FOR TARGET 11140/11200; STOPLOSS 11040.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
