LAST THURSDAY’S (23.06.2011) CLOSE WAS AT 5320.00 (+ 41.70 POINTS). THE DAY HIGH WAS 5330.60 AND LOW WAS 5252.25. WEEKLY HIGH IS AT 5377 AND THE WEEKLY LOW IS AT 5195.
5DMA=5300 20EMA=5419
20DMA=5456 50EMA=5503
50DMA=5550 100EMA=5570
200DMA=5753 200EMA=5583
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5300, 5269 AND 5250 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5331, 5350 AND 5377 LEVEL.
5-DAY RSI AT 36 AND 14-DAY RSI AT 37.30 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5331 FOR TARGET 5350/5377; STOPLOSS BELOW 5311.
SELL NIFTY FUTURE BELOW 5311 FOR TARGET 5280/5260; STOPLOSS ABOVE 5231.
BUY NIFTY FUTURE AROUND 5255 FOR TARGET 5280/5311; STOPLOSS BELOW 5245.
BUY BANKNIFTY FUTURE AROUND 10600 FOR TARGET 10,640/10,675; STOPLOSS BELOW 10,565.
SELL BANKNIFTY FUTURE BELOW 10,550 FOR TARGET 10,500/10,470; STOPLOSS ABOVE 10,490.
