LAST FRIDAY’S (04.03.2011) CLOSE WAS AT 5538.75 (+ 2.55 POINTS). THE DAY HIGH WAS 5608 AND LOW WAS 5524. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5232.
5DMA=5447
5DMA=5447
20DMA=5412
50DMA=5651
200DMA=5654
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5490, 5460 AND THEN 5421 LEVEL. RESISTANCE ARE AT 5577, 5611 AND THEN 5647 LEVEL.
50DMA=5651
200DMA=5654
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5490, 5460 AND THEN 5421 LEVEL. RESISTANCE ARE AT 5577, 5611 AND THEN 5647 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 5574/5595/5640; 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
SELL NIFTY FUTURE BELOW 5511 FOR TARGET 5467/5424; STOPLOSS 5534
