LAST WEDNESDAY’S (11.05.2011) CLOSE WAS AT 5565.05 (+ 23.80 POINTS). THE DAY HIGH WAS 5574.70 AND LOW WAS 5525. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5534
20DMA=5716
50DMA=5641
50DMA=5641
200DMA=5754
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5480 AND 5460 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5590, 5623 AND 5643 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5480 AND 5460 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5590, 5623 AND 5643 LEVEL.
5-DAY RSI AT 41 AND 14-DAY RSI AT 42 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5570 FOR TARGET 5590/5624; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE AROUND 5534 FOR TARGET 5511/5489; STOPLOSS ABOVE 5550.
SELL NIFTY FUTURE AROUND 5605 FOR TARGET 5578/5550; STOPLOSS ABOVE 5630.
BUY BANK NIFTY FUTURE ABOVE 11,040 FOR TARGET 11,080/11,130; STOPLOSS BELOW 11,000.
SELL BANK NIFTY FUTURE BELOW 10,950 FOR TARGET 10,910/10,870; STOPLOSS ABOVE 11,100.
SELL BANK NIFTY FUTURE AROUND 11,160 FOR TARGET 11,110/11,070; STOPLOSS AROUND 11,210.
