LAST MONDAY’S (28.02.2011) CLOSE WAS AT 5333.25 (+ 29.70 POINTS). THE DAY HIGH WAS 5477 AND LOW WAS 5308. WEEKLY HIGH IS AT 5599.25 AND THE WEEKLY LOW IS AT 5232.
5DMA=5361
5DMA=5361
20DMA=5401
50DMA=5678
200DMA=5645
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5311, 5260 AND THEN 5232 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=5678
200DMA=5645
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5311, 5260 AND THEN 5232 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 40 AND 14-DAY RSI AT 41 INDICATES NIFTY IS IN BEAR ZONE.
BUY NIFTY FUTURE ABOVE 5360 FOR TARGET 5377/5390/5399; STOPLOSS 5331.
SELL NIFTY FUTURE AROUND 5399-5408 FOR TARGET 5340/5300; STOPLOSS ABOVE 5431
SELL NIFTY FUTURE AROUND 5399-5408 FOR TARGET 5340/5300; STOPLOSS ABOVE 5431
SELL BANK NIFTY FUTURE BELOW 10370 FOR TARGET 10270/10180; STOPLOSS ABOVE 10435
