LAST THURSDAY’S (03.03.2011) CLOSE WAS AT 5536.20 (+ 13.90 POINTS). THE DAY HIGH WAS 5570 AND LOW WAS 5468. WEEKLY HIGH IS AT 5599.25 AND THE WEEKLY LOW IS AT 5232.
5DMA=5392
5DMA=5392
20DMA=5411
50DMA=5660
200DMA=5651
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5490, 5460 AND THEN 5421 LEVEL. RESISTANCE ARE AT 5570, 5600 AND THEN 5644 LEVEL.
50DMA=5660
200DMA=5651
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5490, 5460 AND THEN 5421 LEVEL. RESISTANCE ARE AT 5570, 5600 AND THEN 5644 LEVEL.
5-DAY RSI AT 67 AND 14-DAY RSI AT 53 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5550 FOR TARGET 5571/5594/5640; STOPLOSS 5531.
SELL NIFTY FUTURE AROUND 5620 FOR TARGET 5560/5540; STOPLOSS ABOVE 5640
SELL NIFTY FUTURE AROUND 5620 FOR TARGET 5560/5540; STOPLOSS ABOVE 5640
