LAST THURSDAY’S (17.03.2011) CLOSE WAS AT 5446.65 (- 64.50 POINTS). THE DAY HIGH WAS 5510 AND LOW WAS 5435. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5373.
5DMA=5477
20DMA=5466
50DMA=5547
200DMA=5676
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5440, 5421 AND THEN 5400 LEVEL. RESISTANCE ARE AT 5460, 5480 AND THEN 5510 LEVEL.
50DMA=5547
200DMA=5676
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5440, 5421 AND THEN 5400 LEVEL. RESISTANCE ARE AT 5460, 5480 AND THEN 5510 LEVEL.
5-DAY RSI AT 44 AND 14-DAY RSI AT 47 INDICATES NIFTY IS ENTERING IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5468 FOR TARGET 5489/5510; STOPLOSS BELOW 5441.
SELL NIFTY FUTURE BELOW 5430 FOR TARGET 5400/5377; STOPLOSS ABOVE 5454
SELL NIFTY FUTURE BELOW 5430 FOR TARGET 5400/5377; STOPLOSS ABOVE 5454
SELL BANK NIFTY FUTURE BELOW 10,870 FOR TARGET 10,820/10,770; STOPLOSS ABOVE 10,905
