LAST THURSDAY’S (16.06.2011) CLOSE WAS AT 5396.75 (- 50.75 POINTS). THE DAY HIGH WAS 5447.50 AND LOW WAS 5389.80. WEEKLY HIGH IS AT 5570 AND THE WEEKLY LOW IS AT 5389.
5DMA=5463
20DMA=5482 20EMA=5497
50DMA=5606 50EMA=5548
100DMA=5554 100EMA=5599
200DMA=5758 200EMA=5597
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5370, 5350 AND 5303 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5424, 5541, 5468 AND 5489 LEVEL.
5-DAY RSI AT 21 AND 14-DAY RSI AT 38 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5424 FOR TARGET 5441/5468; STOPLOSS BELOW 5400.
SELL NIFTY FUTURE BELOW 5390 FOR TARGET 5370/5355; STOPLOSS ABOVE 5400.
BUY NIFTY FUTURE AROUND 5401 FOR TARGET 5424/5440; STOPLOSS BELOW 5380.
BUY BANKNIFTY FUTURE AROUND 10640 FOR TARGET 10,680/10,720; STOPLOSS BELOW 10,610.
SELL BANKNIFTY FUTURE BELOW 10,560 FOR TARGET 10,520/10,480; STOPLOSS ABOVE 10,610.
BUY BANKNIFTY FUTURE ABOVE 10,570 FOR TARGET 10,630/10,680; STOPLOSS BELOW 10,540.
