LAST FRIDAY’S (08.04.2011) CLOSE WAS AT 5842.75 (- 43.70 POINTS). THE DAY HIGH WAS 5926 AND LOW WAS 5822. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5643.
5DMA=5888
20DMA=5653
50DMA=5523
200DMA=5716
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5822, 5802 AND 5770 LEVEL. RESISTANCE ARE AT 5890, 5911 AND 5950 LEVEL.
50DMA=5523
200DMA=5716
IMMEDIATE TREND IS NEGATIVE. IMMEDIATE SUPPORTS ARE AT 5822, 5802 AND 5770 LEVEL. RESISTANCE ARE AT 5890, 5911 AND 5950 LEVEL.
5-DAY RSI AT 58 AND 14-DAY RSI AT 64 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5860 FOR TARGET 5880/5910; STOPLOSS BELOW 5840.
SELL NIFTY FUTURE BELOW 5840 FOR TARGET 5800/5770; STOPLOSS ABOVE 5860
BUY BANK NIFTY FUTURE ABOVE 11,750 FOR TARGET 11,790/11,840; STOPLOSS BELOW 11,715
SELL BANK NIFTY FUTURE BELOW 11,660 FOR TARGET 11,610/11,580; STOPLOSS ABOVE 11,715
