LAST WEDNESDAY’S (22.06.2011) CLOSE WAS AT 5278.50 (+ 2.45 POINTS). THE DAY HIGH WAS 5310.50 AND LOW WAS 5262.50. WEEKLY HIGH IS AT 5377 AND THE WEEKLY LOW IS AT 5195.
5DMA=5315 20EMA=5429
20DMA=5460 50EMA=5510
50DMA=5559 100EMA=5575
200DMA=5754 200EMA=5585
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5250, 5201 AND 5177 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5331, 5350 AND 5377 LEVEL.
5-DAY RSI AT 18 AND 14-DAY RSI AT 31.95 INDICATES NIFTY IS IN OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5315 FOR TARGET 5331/5341; STOPLOSS BELOW 5300.
SELL NIFTY FUTURE BELOW 5260 FOR TARGET 5240/5220; STOPLOSS ABOVE 5280.
BUY BANKNIFTY FUTURE AROUND 10530 FOR TARGET 10,570/10,600; STOPLOSS BELOW 10,500.
SELL BANKNIFTY FUTURE BELOW 10,450 FOR TARGET 10,400/10,370; STOPLOSS ABOVE 10,490.
