LAST MONDAY’S (30.05.2011) CLOSE WAS AT 5473.10 (- 3.00 POINTS). THE DAY HIGH WAS 5509.30 AND LOW WAS 5458.60. WEEKLY HIGH IS AT 5541 AND THE WEEKLY LOW IS AT 5328.
5DMA=5421 20EMA=5499
20DMA=5478 50EMA=5576
50DMA=5633 100EMA=5625
200DMA=5755 200EMA=5611
IMMEDIATE TREND IS NEUTRAL. NEGATIVE TREND WILL BE BELOW 5430 AND POSITIVE TREND WILL BE ABOVE 5520. 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 NEUTRAL. NEGATIVE TREND WILL BE BELOW 5430 AND POSITIVE TREND WILL BE ABOVE 5520. 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 58 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 5470.
SELL NIFTY FUTURE BELOW 5440 FOR TARGET 5420/5400; STOPLOSS ABOVE 5460.
SELL NIFTY FUTUTE AROUND 5525 FOR TARGET 5480/5450; STOPLOSS ABOVE 5550.
BUY BANKNIFTY FUTURE ABOVE 10,740 FOR TARGET 10,780/10,820; STOPLOSS BELOW 10,690
SELL BANK NIFTY FUTURE BELOW 10,640 FOR TARGET 10,590/10,560; STOPLOSS ABOVE 10,690.
