LAST FRIDAY’S (20.05.2011) CLOSE WAS AT 5486.35 (+ 58.26 POINTS). THE DAY HIGH WAS 5517.55 AND LOW WAS 5432.75. WEEKLY HIGH IS AT 5605 AND THE WEEKLY LOW IS AT 5401.25.
5DMA=5455
20DMA=5594
50DMA=5642
50DMA=5642
100DMA=5636
200DMA=5755
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5450. IMMEDIATE INTRADAY SUPPORTS ARE AT 5464, 5401, 5376 AND 5349 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5494, 5511 AND 5524 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5450. IMMEDIATE INTRADAY SUPPORTS ARE AT 5464, 5401, 5376 AND 5349 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5494, 5511 AND 5524 LEVEL.
5-DAY RSI AT 48 AND 14-DAY RSI AT 42 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5489 FOR TARGET 5510/5524; STOPLOSS BELOW 5464.
SELL NIFTY FUTURE BELOW 5440 FOR TARGET 5420/5401; STOPLOSS ABOVE 5465.
SELL NIFTY FUTURE AROUND 5545 FOR TARGET 5515/5490; STOPLOSS ABOVE 5560.
BUY BANKNIFTY FUTURE ABOVE 10,710 FOR TARGET 10,750/10,780; STOPLOSS BELOW 10,670
SELL BANK NIFTY FUTURE BELOW 10,625 FOR TARGET 10,580/10,530; STOPLOSS ABOVE 10,660.
