LAST TUESDAY’S (15/02) CLOSE WAS AT 5481 (+ 25 POINTS). THE DAY HIGH WAS 5505 AND LOW WAS 5408. WEEKLY HIGH IS AT 5505 AND THE WEEKLY LOW IS AT 5177.
5DMA=5345
5DMA=5345
20DMA=5504
50DMA=5765
200DMA=5631
IMMEDIATE TREND IS POSITIVE. SUPPORTS ARE AT 5460 AND THEN 5424 AND 5400 LEVEL. RESISTANCE IS AT 5490 AND THEN 5514 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5765
200DMA=5631
IMMEDIATE TREND IS POSITIVE. SUPPORTS ARE AT 5460 AND THEN 5424 AND 5400 LEVEL. RESISTANCE IS AT 5490 AND THEN 5514 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 64 AND 14-DAY RSI AT 45 INDICATES NIFTY IS ENTERING BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5511/5549; STOPLOSS 5480.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5424/5402; STOPLOSS 5491
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5511/5549; STOPLOSS 5480.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5424/5402; STOPLOSS 5491
