LAST THURSDAY’S (17/02) CLOSE WAS AT 5546 (+ 65 POINTS). THE DAY HIGH WAS 5553 AND LOW WAS 5463. WEEKLY HIGH IS AT 5553 AND THE WEEKLY LOW IS AT 5177.
5DMA=5455
5DMA=5455
20DMA=5485
50DMA=5746
200DMA=5635
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5514 AND THEN 5489 AND 5460 LEVEL. RESISTANCE IS AT 5576 AND THEN 5600 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5746
200DMA=5635
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5514 AND THEN 5489 AND 5460 LEVEL. RESISTANCE IS AT 5576 AND THEN 5600 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 73 AND 14-DAY RSI AT 50 INDICATES NIFTY IS ENTERING IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5564 FOR TARGET 5590/5614; STOPLOSS 5539.
SELL NIFTY FUTURE BELOW 5531 FOR TARGET 5510/5490; STOPLOSS 5550
BUY NIFTY FUTURE ABOVE 5564 FOR TARGET 5590/5614; STOPLOSS 5539.
SELL NIFTY FUTURE BELOW 5531 FOR TARGET 5510/5490; STOPLOSS 5550
BUY BANK NIFTY FUTURE ABOVE 11185 FOR TARGET 11245/11310; STOPLOSS 11150
