LAST WEDNESDAY’S (09.03.2011) CLOSE WAS AT 5531.00 (+ 10.20 POINTS). THE DAY HIGH WAS 5563 AND LOW WAS 5477. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5308.
5DMA=5518
5DMA=5518
20DMA=5432
50DMA=5622
200DMA=5663
IMMEDIATE TREND IS NEUTRAL. IMMEDIATE SUPPORTS ARE AT 5511, 5478 AND THEN 5441 LEVEL. RESISTANCE ARE AT 5550, 5578 AND THEN 5597-5600 LEVEL.
50DMA=5622
200DMA=5663
IMMEDIATE TREND IS NEUTRAL. IMMEDIATE SUPPORTS ARE AT 5511, 5478 AND THEN 5441 LEVEL. RESISTANCE ARE AT 5550, 5578 AND THEN 5597-5600 LEVEL.
5-DAY RSI AT 62 AND 14-DAY RSI AT 52 INDICATES NIFTY IS IN INDECISIVE ZONE AND ENTERING BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5534 FOR TARGET 5550/5578; STOPLOSS BELOW 5511.
SELL NIFTY FUTURE AROUND 5600 FOR TARGET 5560/5533/5520; STOPLOSS ABOVE 5624
SELL NIFTY FUTURE AROUND 5600 FOR TARGET 5560/5533/5520; STOPLOSS ABOVE 5624
SELL NIFTY FUTURE BELOW 5500 FOR TARGET 5477/5420; STOPLOSS 5533
