LAST WEDNESDAY’S (16.03.2011) CLOSE WAS AT 5511.15 ( +61.50 POINTS). THE DAY HIGH WAS 5535 AND LOW WAS 5475. WEEKLY HIGH IS AT 5535 AND THE WEEKLY LOW IS AT 5373.
5DMA=5486
20DMA=5468
50DMA=5561
200DMA=5675
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5480, 5450 AND THEN 5400 LEVEL. RESISTANCE AT 5537, 5578 AND THEN 5598 LEVEL.
50DMA=5561
200DMA=5675
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5480, 5450 AND THEN 5400 LEVEL. RESISTANCE AT 5537, 5578 AND THEN 5598 LEVEL.
5-DAY RSI AT 55 AND 14-DAY RSI AT 51 INDICATES NIFTY IS IN CRITICAL ZONE. IT MAY TURN EITHER SIDE.
BUY NIFTY FUTURE ABOVE 5531 FOR TARGET 5554/5578; STOPLOSS BELOW 5511.
SELL NIFTY FUTURE BELOW 5510 FOR TARGET 5480/5459; STOPLOSS ABOVE 5531
SELL NIFTY FUTURE BELOW 5510 FOR TARGET 5480/5459; STOPLOSS ABOVE 5531
SELL BANK NIFTY FUTURE BELOW 10,930 FOR TARGET 10,870/10,820; STOPLOSS ABOVE 10,980
