LAST MONDAY’S (14/02) CLOSE WAS AT 5456 (+ 146 POINTS). THE DAY HIGH WAS 5463 AND LOW WAS 5340. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5177.
5DMA=5312
5DMA=5312
20DMA=5513
50DMA=5775
200DMA=5629
IMMEDIATE TREND IS POSITIVE. SUPPORTS ARE AT 5402 AND THEN 5377 LEVEL. RESISTANCE IS AT 5490 AND THEN 5514 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5775
200DMA=5629
IMMEDIATE TREND IS POSITIVE. SUPPORTS ARE AT 5402 AND THEN 5377 LEVEL. RESISTANCE IS AT 5490 AND THEN 5514 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 61 AND 14-DAY RSI AT 44 INDICATES NIFTY IS STILL IN BEARISH ZONE BUT NEAR BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5399 FOR TARGET 5424/5445; STOPLOSS 5384.
SELL NIFTY FUTURE BELOW 5490 FOR TARGET 5464/5426; STOPLOSS 5514
BUY NIFTY FUTURE ABOVE 5399 FOR TARGET 5424/5445; STOPLOSS 5384.
SELL NIFTY FUTURE BELOW 5490 FOR TARGET 5464/5426; STOPLOSS 5514
