LAST FRIDAY’S (11.03.2011) CLOSE WAS AT 5445.45 (-48.95 POINTS). THE DAY HIGH WAS 5502 AND LOW WAS 5411. WEEKLY HIGH IS AT 5608 AND THE WEEKLY LOW IS AT 5411. ON DAILY CHART, NIFTY IS MAKING LOWER HIGH AND LOWER BOTTOM.
5DMA=5491
5DMA=5491
20DMA=5456
50DMA=5599
200DMA=5668
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5440, 5400 AND THEN 5360 LEVEL. RESISTANCE ARE AT 5468, 5490 AND THEN 5519 LEVEL.
50DMA=5599
200DMA=5668
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5440, 5400 AND THEN 5360 LEVEL. RESISTANCE ARE AT 5468, 5490 AND THEN 5519 LEVEL.
5-DAY RSI AT 42 AND 14-DAY RSI AT 47 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5468 FOR TARGET 5490/5514; STOPLOSS BELOW 5441.
SELL NIFTY FUTURE AROUND 5531 FOR TARGET 5484/5464; STOPLOSS ABOVE 5551
SELL NIFTY FUTURE AROUND 5531 FOR TARGET 5484/5464; STOPLOSS ABOVE 5551
SELL NIFTY FUTURE BELOW 5420 FOR TARGET 5402/5380; STOPLOSS ABOVE 5440
BUY BANK NIFTY FUTURE ABOVE 10,850 FOR TARGET 10,950/11,050; STOPLOSS BELOW 10,750
