LAST FRIDAY’S (18/02) CLOSE WAS AT 5458 (- 88 POINTS). THE DAY HIGH WAS 5599.25 AND LOW WAS 5441. WEEKLY HIGH IS AT 5599.25 AND THE WEEKLY LOW IS AT 5177.
5DMA=5485
5DMA=5485
20DMA=5472
50DMA=5738
200DMA=5637
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5422 AND THEN 5401 AND 5377 LEVEL. RESISTANCE IS AT 5560 AND THEN 5600 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5738
200DMA=5637
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5422 AND THEN 5401 AND 5377 LEVEL. RESISTANCE IS AT 5560 AND THEN 5600 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 52 AND 14-DAY RSI AT 45 INDICATES NIFTY IS BEARISH ZONE AND IN A CRITICAL STAGE FOR MOVE IN EITHER SIDE.
BUY NIFTY FUTURE ABOVE 5460 FOR TARGET 5489/5514; STOPLOSS 5539.
SELL NIFTY FUTURE BELOW 5488 OR AROUND 5515 FOR TARGET 5460/5440; STOPLOSS 5524
BUY NIFTY FUTURE ABOVE 5460 FOR TARGET 5489/5514; STOPLOSS 5539.
SELL NIFTY FUTURE BELOW 5488 OR AROUND 5515 FOR TARGET 5460/5440; STOPLOSS 5524
SELL BANK NIFTY FUTURE BELOW 10885 FOR TARGET 10835/10770; STOPLOSS ABOVE 10930
