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"NIFTY LEVEL FOR FRIDAY"

YESTERDAY’S (03/02) LAST CLOSE WAS AT 5526 (+94 POINTS). THE DAY HIGH WAS 5532 AND LOW WAS 5418. WEEKLY HIGH IS AT 5532 AND THE WEEKLY LOW IS AT 5402.
     5DMA=5479
   20DMA=5682
   50DMA=5850
 200DMA=5626
IMMEDIATE TREND IS POSITIVE. SUPPORT IS AT 5511 AND THEN 5414 LEVEL. RESISTANCE IS AT 5585 AND THEN 5626 LEVEL.
5-DAY RSI AT 44 AND 14-DAY RSI AT 37 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5545 FOR TARGET 5585/5620; STOPLOSS 5511.
SELL NIFTY FUTURE BELOW 5502 FOR TARGET 5460/5431; STOPLOSS 5533.
BUY BANK NIFTY FUTURE ABOVE 10760 FOR TARGET 10860/10910; STOPLOSS BELOW 10690.

"Now its time to invest in good quality stocks like ICICIBANK, SBIN, RELIANCE etc. " - Jay
Due to volatility, one may abstain from day-traiding for few days.

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