LAST WEDNESDAY’S (09/02) CLOSE WAS AT 5253 (- 59 POINTS). THE DAY HIGH WAS 5339 AND LOW WAS 5225. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5225.
5DMA=5377
20DMA=5577
50DMA=5812
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=5377
20DMA=5577
50DMA=5812
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 17 AND 14-DAY RSI AT 26 INDICATES NIFTY IS IN OVERSOLD ZONE.
