LAST FRIDAY’S (27.05.2011) CLOSE WAS AT 5476.10 (+ 63.75 POINTS). THE DAY HIGH WAS 5485.80 AND LOW WAS 5413.60. WEEKLY HIGH IS AT 5541 AND THE WEEKLY LOW IS AT 5348.
5DMA=5404
20DMA=5490
50DMA=5634
200DMA=5754
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5400. IMMEDIATE INTRADAY SUPPORTS ARE AT 5464, 5440, 5402 AND 5378 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5494, 5511, 5525 AND 5550 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5400. IMMEDIATE INTRADAY SUPPORTS ARE AT 5464, 5440, 5402 AND 5378 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5494, 5511, 5525 AND 5550 LEVEL.
5-DAY RSI AT 59 AND 14-DAY RSI AT 46 INDICATES NIFTY PLACED IN BEARISH ZONE BUT NEARLY BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5510/5530; STOPLOSS BELOW 5477.
SELL NIFTY FUTURE BELOW 5460 FOR TARGET 5440/5420; STOPLOSS ABOVE 5477.
SELL NIFTY FUTUTE AROUND 5525 FOR TARGET 5480/5450; STOPLOSS ABOVE 5534.
BUY BANKNIFTY FUTURE ABOVE 10,680 FOR TARGET 10,730/10,770; STOPLOSS BELOW 10,640
SELL BANK NIFTY FUTURE BELOW 10,600 FOR TARGET 10,560/10,480; STOPLOSS ABOVE 10,640.
BUY ONGC FUTURE ABOVE 284 FOR TARGET 290/295; STOPLOSS BELOW 280.
