LAST FRIDAY’S (18.03.2011) CLOSE WAS AT 5373.70 (- 72.95 POINTS). THE DAY HIGH WAS 5483 AND LOW WAS 5366. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5366.
5DMA=5463
20DMA=5457
50DMA=5533
200DMA=5677
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5333 AND 5300 LEVEL. RESISTANCE ARE AT 5400, 5460 AND THEN 5510 LEVEL.
50DMA=5533
200DMA=5677
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5333 AND 5300 LEVEL. RESISTANCE ARE AT 5400, 5460 AND THEN 5510 LEVEL.
5-DAY RSI AT 34 AND 14-DAY RSI AT 43 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5400 FOR TARGET 5441/5468; STOPLOSS BELOW 5377.
SELL NIFTY FUTURE BELOW 5370 FOR TARGET 5350/5310; STOPLOSS BELOW 5400
SELL NIFTY FUTURE BELOW 5350 FOR TARGET 5330/5310 STOPLOSS ABOVE 5378
SELL BANK NIFTY FUTURE BELOW 10,810 FOR TARGET 10,750/10,680; STOPLOSS ABOVE 10,850
