LAST FRIDAY’S (25.02.2011) CLOSE WAS AT 5303.55 (+ 40.85 POINTS). THE DAY HIGH WAS 5338 AND LOW WAS 5232. WEEKLY HIGH IS AT 5599.25 AND THE WEEKLY LOW IS AT 5232.
5DMA=5398
5DMA=5398
20DMA=5410
50DMA=5690
200DMA=5644
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5260, 5230 AND THEN 5177 LEVEL. RESISTANCE ARE AT 5350, 5389 AND THEN 5402 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5415 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5690
200DMA=5644
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5260, 5230 AND THEN 5177 LEVEL. RESISTANCE ARE AT 5350, 5389 AND THEN 5402 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5415 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 34 AND 14-DAY RSI AT 38 INDICATES NIFTY IS IN BEAR ZONE.
BUY NIFTY FUTURE ABOVE 5313 FOR TARGET 5331/5360/5399; STOPLOSS 5300.
SELL NIFTY FUTURE BELOW 5280 FOR TARGET 5241/5200; STOPLOSS 5311
SELL NIFTY FUTURE BELOW 5280 FOR TARGET 5241/5200; STOPLOSS 5311
SELL NIFTY FUTURE AROUND 5350-5360 FOR TARGET 5310/5270; STOPLOSS ABOVE 5388
SELL BANK NIFTY FUTURE ABOVE 10510 FOR TARGET 10570/10620; STOPLOSS BELOW 10465
