LAST WEDNESDAY’S (16/02) CLOSE WAS AT 5481.70 (+ 0.70 POINTS). THE DAY HIGH WAS 5505 AND LOW WAS 5460. WEEKLY HIGH IS AT 5505 AND THE WEEKLY LOW IS AT 5177.
5DMA=5391
5DMA=5391
20DMA=5492
50DMA=5755
200DMA=5633
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5460 AND THEN 5424 AND 5400 LEVEL. RESISTANCE IS AT 5511 AND THEN 5548 LEVEL. TREND WILL BE BULLISH ONLY IF NIFTY CLOSE ABOVE 5560 FOR TWO-THREE CONSECUTIVE DAYS.
50DMA=5755
200DMA=5633
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5460 AND THEN 5424 AND 5400 LEVEL. RESISTANCE IS AT 5511 AND THEN 5548 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 IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5514/5549; STOPLOSS 5460.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5424/5402; STOPLOSS 5490
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5514/5549; STOPLOSS 5460.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5424/5402; STOPLOSS 5490
BUY BANK NIFTY FUTURE ABOVE 11040 FOR TARGET 11110/11160; STOPLOSS 10990
