LAST FRIDAY’S (29.04.2011) CLOSE WAS AT 5749.50 (- 35.95 POINTS). THE DAY HIGH WAS 5804.30 AND LOW WAS 5706.05. WEEKLY HIGH IS AT 5912 AND THE WEEKLY LOW IS AT 5693.
5DMA=5822
20DMA=5836
50DMA=5625
200DMA=5747
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5710, 5695 AND 5683 LEVEL AND RESISTANCE ARE AT 5774, 5800 AND 5824 LEVEL.
50DMA=5625
200DMA=5747
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5850. IMMEDIATE INTRADAY SUPPORTS ARE AT 5710, 5695 AND 5683 LEVEL AND RESISTANCE ARE AT 5774, 5800 AND 5824 LEVEL.
5-DAY RSI AT 31 AND 14-DAY RSI AT 49 INDICATES NIFTY IS IN CRITICAL WITH NEGATIVE BIAS ZONE.
BUY NIFTY FUTURE ABOVE 5770 FOR TARGET 5800/5824; STOPLOSS BELOW 5750.
SELL NIFTY FUTURE BELOW 5730 FOR TARGET 5710/5685; STOPLOSS ABOVE 5750.
SELL NIFTY FUTURE AROUND 5800 FOR TARGET 5770/5750; STOPLOSS ABOVE 5824
BUY BANK NIFTY FUTURE ABOVE 11,530 FOR TARGET 11,570/11,610; STOPLOSS BELOW 11,490
SELL BANK NIFTY FUTURE AROUND 11,440 FOR TARGET 11,400/11,360; STOPLOSS ABOVE 11,490
SELL BANK NIFTY FUTURE AROUND 11660 FOR TARGET 11590/11540’ STOPLOSS ABOVE 11700
