LAST TUESDAY’S (19.04.2011) CLOSE WAS AT 5740.75 (+ 11.65 POINTS). THE DAY HIGH WAS 5762 AND LOW WAS 5693. WEEKLY HIGH IS AT 5944 AND THE WEEKLY LOW IS AT 5693.
5DMA=5798
20DMA=5737
50DMA=5555
200DMA=5729
IMMEDIATE TREND IS NEGATIVE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5711, 5700 AND 5685 LEVEL. RESISTANCE ARE AT 5750, 5800 AND 5830 LEVEL.
50DMA=5555
200DMA=5729
IMMEDIATE TREND IS NEGATIVE BELOW 5711. IMMEDIATE INTRADAY SUPPORTS ARE AT 5711, 5700 AND 5685 LEVEL. RESISTANCE ARE AT 5750, 5800 AND 5830 LEVEL.
5-DAY RSI AT 38 AND 14-DAY RSI AT 52 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5751 FOR TARGET 5770/5790; STOPLOSS BELOW 5731.
SELL NIFTY FUTURE BELOW 5710 FOR TARGET 5685/5670; STOPLOSS ABOVE 5731.
SELL NIFTY FUTURE AROUND 5820 FOR TARGET 5780/5760; STOPLOSS 5845
BUY BANK NIFTY FUTURE ABOVE 11,680 FOR TARGET 11,730/11,770; STOPLOSS BELOW 11,640
SELL BANK NIFTY FUTURE AROUND 11,780 FOR TARGET 11,710/11,680; STOPLOSS ABOVE 11,820
