THURSDAY (27.01.2011)
LAST CLOSING ON 25.01.2011 FOR NIFTY WAS 5687 (-56 POINTS)
ON 25.01.2011, DAY HIGH WAS 5801 AND LOW WAS 5680. WEEKLY HIGH WAS 5801 AND LOW 5624
ON 25.01.2011, DAY HIGH WAS 5801 AND LOW WAS 5680. WEEKLY HIGH WAS 5801 AND LOW 5624
5 DMA=5706
20 DMA=5866
50 DMA=5909
200 DMA=5619
20 DMA=5866
50 DMA=5909
200 DMA=5619
IMMEDIATE TREND NEGATIVE. IMMEDIATE SUPPORT IS AT 5622. ABOVE 5717, TREND WILL BE POSITIVE.
5 DAY RSI IS AT 38 AND 14 DAY RSI IS AT 39 INDICATES NIFTY STILL IN BEARISH ZONE.
BULLS LAST HOPE 200 DMA WHICH IS PLACED AT 5622 LEVEL. A CLOSE BELOW 5622 OR A CLOSE ABOVE 5763 WILL GIVE US THE CLEAR DIRECTION OF MARKET. GO LONGS ONLY ABOVE 5763.
SOME CALLS:
Sell ICICI Bank futures below Rs 1,030 for target of Rs 1,015-1,005 and stop loss of above Rs 1,045.10.
Buy Maruti Suzuki futures above 1,297 for target of 1,310-1,330 and stop loss of below Rs 1,285.
Sell Aurobindo Pharma futures below Rs 1,250 for target of Rs 1,234-1,220 and stop loss of above Rs 1,266.
Sell Nifty Futures around 5,707-5,717 for target of 5,675-5,656 and stop loss of above Rs 5,730.
Sell Bank Nifty Futures around 10,980-10,999 for target of 10,900-10,820 and stop loss of above Rs 11,044.
