LAST TUESDAY’S (08/02) CLOSE WAS AT 5312 (-84 POINTS). THE DAY HIGH WAS 5432 AND LOW WAS 5303. WEEKLY HIGH IS AT 5556 AND THE WEEKLY LOW IS AT 5303.
5DMA=5413
20DMA=5602
50DMA=5824
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5245 AND THEN 5199 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=5413
20DMA=5602
50DMA=5824
200DMA=5627
IMMEDIATE TREND IS NEGATIVE. NEXT SUPPORT IS AT 5245 AND THEN 5199 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 21 AND 14-DAY RSI AT 28 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5331 FOR TARGET 5380/5400; STOPLOSS 5310.
SELL NIFTY FUTURE BELOW 5296 FOR TARGET 5274/5232; STOPLOSS 5322.
BUY NIFTY FUTURE ABOVE 5331 FOR TARGET 5380/5400; STOPLOSS 5310.
SELL NIFTY FUTURE BELOW 5296 FOR TARGET 5274/5232; STOPLOSS 5322.
SELL BANK NIFTY FUTURE BELOW 10129 FOR TARGET 10002/9965; STOPLOSS 10174.
