"NIFTY LEVEL FOR MONDAY"

LAST FRIDAY’S (11/02) CLOSE WAS AT 5310 (+ 85 POINTS). THE DAY HIGH WAS 5319 AND LOW WAS 5177. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5177.
     5DMA=5300
   20DMA=5523
   50DMA=5787
 200DMA=5628
IMMEDIATE TREND IS POSITIVE. BIG SUPPORTS ARE AT 5200 AND THEN 5177 LEVEL. RESISTANCE IS AT 5377 AND THEN 5402 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.

5-DAY RSI AT 39 AND 14-DAY RSI AT 33 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5334 FOR TARGET 5355/5370; STOPLOSS 5311.
SELL NIFTY FUTURE BELOW 5288 FOR TARGET 5254/5230; STOPLOSS 5311.