LAST MONDAY’S (07/02) CLOSE WAS AT 5396 (+0.25 POINTS). THE DAY HIGH WAS 5440 AND LOW WAS 5376. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5369.
5DMA=5434
20DMA=5624
50DMA=5833
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5350 AND THEN 5300 LEVEL. RESISTANCE IS AT 5421 AND THEN 5445 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5DMA=5434
20DMA=5624
50DMA=5833
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5350 AND THEN 5300 LEVEL. RESISTANCE IS AT 5421 AND THEN 5445 LEVEL. TREND WILL BE CHANGE ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 28 AND 14-DAY RSI AT 31 INDICATES NIFTY IS IN BEARISH ZONE.
