LAST THURSDAY’S (12.05.2011) CLOSE WAS AT 5486.15 (- 78.90 POINTS). THE DAY HIGH WAS 5572.50 AND LOW WAS 5476.30. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5539
20DMA=5701
50DMA=5645
50DMA=5645
200DMA=5754
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5590. IMMEDIATE INTRADAY SUPPORTS ARE AT 5460, 5440 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5511, 5550 AND 5590 LEVEL.
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5590. IMMEDIATE INTRADAY SUPPORTS ARE AT 5460, 5440 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5511, 5550 AND 5590 LEVEL.
5-DAY RSI AT 27 AND 14-DAY RSI AT 37 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5510 FOR TARGET 5534/5550; STOPLOSS BELOW 5480.
SELL NIFTY FUTURE AROUND 5564 FOR TARGET 5510/5480; STOPLOSS ABOVE 5590.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5440/5420; STOPLOSS ABOVE 5480.
BUY BANK NIFTY FUTURE ABOVE 10,910 FOR TARGET 11,000/11,080; STOPLOSS BELOW 10,860.
SELL BANK NIFTY FUTURE BELOW 10,820 FOR TARGET 10,770/10,730; STOPLOSS ABOVE 10,860.
