"NIFTY LEVEL FOR TUESDAY"

LAST CLOSE ON 31.01.2011 WAS AT 5505 (-7 POINTS). YESTERDAY THE DAY HIGH WAS 5526 AND LOW WAS 5416. WEEKLY HIGH WAS 5801 AND LOW WAS 5416

     5DMA=5611
   20DMA=5783
   50DMA=5879
 200DMA=5623

IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5420 LEVEL. POSITIVE WILL BE ONLY ABOVE 5550.

5-DAY RSI IS AT 18 AND 14-DAY RSI IS AT 30 INDICATES NIFTY IS IN OVERSOLD ZONE.

TODAY, BUY NIFTY FUTURE ABOVE 5534, TARGET 5564/5587; STOPLOSS 5514.
SELL NIFTY FUTURE BELOW 5510, TARGET 5488/5460; STOPLOSS 5531.