LAST MONDAY’S (07.03.2011) CLOSE WAS AT 5520.80 (+ 57.65 POINTS). THE DAY HIGH WAS 5530 AND LOW WAS 5464. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5308.
5DMA=5516
5DMA=5516
20DMA=5422
50DMA=5631
200DMA=5660
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5511, 5460 AND THEN 5441 LEVEL. RESISTANCE ARE AT 5533, 5550 AND THEN 5578 LEVEL.
50DMA=5631
200DMA=5660
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5511, 5460 AND THEN 5441 LEVEL. RESISTANCE ARE AT 5533, 5550 AND THEN 5578 LEVEL.
5-DAY RSI AT 60 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 5500/5521/5500; STOPLOSS ABOVE 5624
SELL NIFTY FUTURE AROUND 5600 FOR TARGET 5500/5521/5500; STOPLOSS ABOVE 5624
SELL NIFTY FUTURE BELOW 5511 FOR TARGET 5461/5424; STOPLOSS 5533
BUY BANK NIFTY FUTURE ABOVE 11,020 FOR TARGET 11,090/11,150; STOPLOSS BELOW 10,960
