LAST FRIDAY’S (10.06.2011) CLOSE WAS AT 5485.80 (- 35.25 POINTS). THE DAY HIGH WAS 5521.45 AND LOW WAS 5457.45. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5457.
5DMA=5524
20DMA=5480 20EMA=5610
50DMA=5636 50EMA=5560
100DMA=5566 100EMA=5283
200DMA=5757 200EMA=4772
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABVOE 5547. IMMEDIATE INTRADAY SUPPORTS ARE AT 5450, 5432 AND 5398 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5511, 5542 AND 5577 LEVEL.
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABVOE 5547. IMMEDIATE INTRADAY SUPPORTS ARE AT 5450, 5432 AND 5398 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5511, 5542 AND 5577 LEVEL.
5-DAY RSI AT 38 AND 14-DAY RSI AT 46 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5511 FOR TARGET 5534/5542; STOPLOSS BELOW 5490.
SELL NIFTY FUTURE BELOW 5490 FOR TARGET 5468/5450; STOPLOSS ABOVE 5510.
BUY BANKNIFTY FUTURE ABOVE 10,730 FOR TARGET 10,770/10,820; STOPLOSS BELOW 10,680.
SELL BANKNIFTY FUTURE BELOW 10,640 FOR TARGET 10,600/10,570; STOPLOSS ABOVE 10,680.
