LAST TUESDAY’S (24.05.2011) CLOSE WAS AT 5394.85 (+ 8.30 POINTS). THE DAY HIGH WAS 5422.60 AND LOW WAS 5367.45. WEEKLY HIGH IS AT 5541 AND THE WEEKLY LOW IS AT 5367.
5DMA=5423
20DMA=5546
50DMA=5638
50DMA=5638
200DMA=5755
IMMEDIATE TREND IS NEUTRAL. POSITIVE TREND WILL BE ABOVE 5424 AND NEGATIVE TREND WILL BE BELOW 5370. IMMEDIATE INTRADAY SUPPORTS ARE AT 5350, 5340, 5325 AND 5311 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5400, 5424, 5440 AND 5489 LEVEL.
IMMEDIATE TREND IS NEUTRAL. POSITIVE TREND WILL BE ABOVE 5424 AND NEGATIVE TREND WILL BE BELOW 5370. IMMEDIATE INTRADAY SUPPORTS ARE AT 5350, 5340, 5325 AND 5311 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5400, 5424, 5440 AND 5489 LEVEL.
5-DAY RSI AT 33 AND 14-DAY RSI AT 37 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5425 FOR TARGET 5440/5460; STOPLOSS BELOW 5410.
SELL NIFTY FUTURE BELOW 5390 FOR TARGET 5368/5350; STOPLOSS ABOVE 5411.
BUY BANKNIFTY FUTURE ABOVE 10,480 FOR TARGET 10,530/10,570; STOPLOSS BELOW 10,440
SELL BANK NIFTY FUTURE BELOW 10,330 FOR TARGET 10,260/10,210; STOPLOSS ABOVE 10,380.
