NIFTY CLOSED ON MONDAY @ 5743 (+ 47 POINTS)
YESTERDAY MADE A HIGH OF 5756 AND A LOW OF 5697
LAST WEEKLY HIGH WAS 5756 AND LOW WAS 5624
5DMA=5713
20DMA=5882
50DMA=5917
200DMA=5617
5-DAY RSI 50 AND 14-DAY RSI 42 INDICATES NIFTY IS STILL IN BEARISH ZONE.
FOR TODAY, BUY NIFTY FUTURE ABOVE 5757-5760 FOR A TARGET 5796/5833 WITH STOPLOSS BELOW 5730.
SELL NIFTY FUTURE BELOW 5727 FOR A TARGET OF 5704/5688 WITH STOPLOSS OF 5760. BUY BANK NIFTY FUTURE ABOVE 11,186 FOR A TARGET OF 11,240/11,300 WITH STOPLOSS OF BELOW 11,135.
