LAST THURSDAY’S (10/02/2011) CLOSE WAS AT 5225 (- 28 POINTS). THE DAY HIGH WAS 5272 AND LOW WAS 5197. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5197.
5DMA=5317
20DMA=5545
50DMA=5800
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5200 AND THEN 5177 LEVEL. RESISTANCE IS AT 5355 AND THEN 5402 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5DMA=5317
20DMA=5545
50DMA=5800
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5200 AND THEN 5177 LEVEL. RESISTANCE IS AT 5355 AND THEN 5402 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 15 AND 14-DAY RSI AT 25 INDICATES NIFTY IS IN OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5245 FOR TARGET 5270/5300; STOPLOSS 5224.
SELL NIFTY FUTURE BELOW 5200 FOR TARGET 5174/5132; STOPLOSS 5222.
SELL NIFTY FUTURE BELOW 5200 FOR TARGET 5174/5132; STOPLOSS 5222.
BUY BANK NIFTY FUTURE ABOVE 10130 FOR TARGET 10200/10240; STOPLOSS 10064
