LAST TUESDAY’S (22/02) CLOSE WAS AT 5469.20 (- 49.40 POINTS). THE DAY HIGH WAS 5519.45 AND LOW WAS 5437. WEEKLY HIGH IS AT 5599.25 AND THE WEEKLY LOW IS AT 5340.
5DMA=5495
5DMA=5495
20DMA=5450
50DMA=5725
200DMA=5639
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5441, 5400 AND THEN 5360 LEVEL. RESISTANCE ARE AT 5489, 5511 AND THEN 5500 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5725
200DMA=5639
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5441, 5400 AND THEN 5360 LEVEL. RESISTANCE ARE AT 5489, 5511 AND THEN 5500 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
5-DAY RSI AT 51 AND 14-DAY RSI AT 46 INDICATES NIFTY IS IN NEUTRAL ZONE AND IN A CRITICAL STAGE FOR MOVE IN EITHER SIDE.
BUY NIFTY FUTURE ABOVE 5489 FOR TARGET 5514/5531; STOPLOSS 5460.
SELL NIFTY FUTURE BELOW 5441 FOR TARGET 5420/5400; STOPLOSS 5461
BUY NIFTY FUTURE ABOVE 5489 FOR TARGET 5514/5531; STOPLOSS 5460.
SELL NIFTY FUTURE BELOW 5441 FOR TARGET 5420/5400; STOPLOSS 5461
SELL BANK NIFTY FUTURE BELOW 10760 FOR TARGET 10710/10650; STOPLOSS ABOVE 10815
