LAST TUESDAY’S (03.05.2011) CLOSE WAS AT 5565.25 (- 136.05 POINTS). THE DAY HIGH WAS 5710.80 AND LOW WAS 5554.85. WEEKLY HIGH IS AT 5912 AND THE WEEKLY LOW IS AT 5554.
5DMA=5727
20DMA=5819
50DMA=5631
200DMA=5750
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5770. IMMEDIATE INTRADAY SUPPORTS ARE AT 5510, 5480 AND 5430 LEVEL AND RESISTANCE ARE AT 5631, 5665 AND 5689 LEVEL.
50DMA=5631
200DMA=5750
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5770. IMMEDIATE INTRADAY SUPPORTS ARE AT 5510, 5480 AND 5430 LEVEL AND RESISTANCE ARE AT 5631, 5665 AND 5689 LEVEL.
5-DAY RSI AT 13 AND 14-DAY RSI AT 37 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5570 FOR TARGET 5590/5624; STOPLOSS BELOW 5550.
SELL NIFTY FUTURE AROUND 5625 FOR TARGET 5600/5570; STOPLOSS ABOVE 5650.
BUY BANK NIFTY FUTURE AROUND 10,780 FOR TARGET 10,850/10,900; STOPLOSS BELOW 10.730
BUY BANK NIFTY FUTURE ABOVE 10,970 FOR TARGET 11,020/11,060; STOPLOSS BELOW 10,930
SELL BANK NIFTY FUTURE BELOW 10,880 FOR TARGET 10,840/10,820; STOPLOSS BELOW 10,930
