"NIFTY LEVEL FOR MONDAY"

LAST WEEK, NIFTY CLOSED AT 5512 (-92 POINTS). THE DAY HIGH WAS 5614 AND LOW WAS 5459.
WEEKLY HIGH WAS 5801 AND LOW WAS 5459.

     5 DMA=5649
    20DMA=5814
    50DMA=5889
  200DMA=5622

IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AROUND 5460 LEVEL. BELOW 5460, NIFTY MAY TOUCH 5400 LEVEL. ABOVE 5640, IT WILL TURN AS POSITIVE.

5-DAY RSI IS AT 18 AND 14-DAY RSI IS AT 30 INDICATES NIFTY IS IN OVERSOLD ZONE.

BUY NIFTY FUTURE ABOVE 5545 WITH TARGET 5585; STOPLOSS 5531

SELL NIFTY FUTURE BELOW 5511 WITH TARGET 5481 AND 5462; STOPLOSS 5533.