LAST MONDAY’S (16.05.2011) CLOSE WAS AT 5499.00 (- 45.75 POINTS). THE DAY HIGH WAS 5541.80 AND LOW WAS 5487.65. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5525
13DMA=5584
21DMA=5623
50SMA=5661
50SMA=5661
100SMA=5675
200SMA=5635
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5465, 5431 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5510, 5550 AND 5590 LEVEL.
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5465, 5431 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5510, 5550 AND 5590 LEVEL.
BUY NIFTY FUTURE AROUND 5470 FOR TARGET 5510/5524; STOPLOSS BELOW 5460.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5440/5420; STOPLOSS ABOVE 5495.
SELL BANK NIFTY FUTURE BELOW 10,810 FOR TARGET 10,750/10,700; STOPLOSS ABOVE 10,870.
