LAST FRIDAY’S (25.03.2011) CLOSE WAS AT 5654.25 (+ 131.85 POINTS). THE DAY HIGH WAS 5667 AND LOW WAS 5560. WEEKLY HIGH IS AT 5667 AND THE WEEKLY LOW IS AT 5348.
5DMA=5487
20DMA=5472
50DMA=5095
200DMA=5689
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5610, 5578 AND 5511 LEVEL. RESISTANCE ARE AT 5689, 5700 AND THEN 5750 LEVEL.
50DMA=5095
200DMA=5689
IMMEDIATE TREND IS POSITIVE. IMMEDIATE SUPPORTS ARE AT 5610, 5578 AND 5511 LEVEL. RESISTANCE ARE AT 5689, 5700 AND THEN 5750 LEVEL.
5-DAY RSI AT 79 AND 14-DAY RSI AT 60 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5690 FOR TARGET 5715/5735/5750; STOPLOSS BELOW 5660.
SELL NIFTY FUTURE AROUND 5640 FOR TARGET 5560/5551; STOPLOSS ABOVE 5660
BUY BANK NIFTY FUTURE ABOVE 11,500 FOR TARGET 11,550/11,600; STOPLOSS BELOW 11,450
