LAST WEDNESDAY’S (27.04.2011) CLOSE WAS AT 5833.90 (- 34.50 POINTS). THE DAY HIGH WAS 5892.35 AND LOW WAS 5819.95. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5863
20DMA=5831
50DMA=5609
200DMA=5744
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5800, 5757 AND 5745 LEVEL. RESISTANCE ARE AT 5890, 5911 AND 5944 LEVEL.
50DMA=5609
200DMA=5744
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5800, 5757 AND 5745 LEVEL. RESISTANCE ARE AT 5890, 5911 AND 5944 LEVEL.
5-DAY RSI AT 48 AND 14-DAY RSI AT 56 INDICATES NIFTY IS IN CRITICAL WITH NEGATIVE BIAS ZONE.
BUY NIFTY FUTURE ABOVE 5840 FOR TARGET 5860/5890; STOPLOSS BELOW 5820.
SELL NIFTY FUTURE BELOW 5800 FOR TARGET 5770/5755; STOPLOSS ABOVE 5820.
SELL NIFTY FUTURE AROUND 5895 FOR TARGET 5860/5840; STOPLOSS ABOVE 5926.
BUY BANK NIFTY FUTURE ABOVE 11,860 FOR TARGET 11,910/11,960; STOPLOSS BELOW 11,820
SELL BANK NIFTY FUTURE AROUND 11,780 FOR TARGET 11,730/11,700; STOPLOSS ABOVE 11,810
