LAST TUESDAY’S (10.05.2011) CLOSE WAS AT 5541.25 (- 9.85 POINTS). THE DAY HIGH WAS 5592.90 AND LOW WAS 5514.55. WEEKLY HIGH IS AT 5909 AND THE WEEKLY LOW IS AT 5443.
5DMA=5528
20DMA=5729
50DMA=5635
50DMA=5635
200DMA=5753
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 33 AND 14-DAY RSI AT 40 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 5635 FOR TARGET 5600/5580; STOPLOSS ABOVE 5650.
BUY BANK NIFTY FUTURE ABOVE 11,080 FOR TARGET 11,130/11,170; STOPLOSS BELOW 11,040.
SELL BANK NIFTY FUTURE BELOW 11,080 FOR TARGET 11,030/10,970; STOPLOSS ABOVE 11,120.
