LAST FRIDAY’S (17.06.2011) CLOSE WAS AT 5366.40 (- 30.35 POINTS). THE DAY HIGH WAS 5421.15 AND LOW WAS 5355.85. WEEKLY HIGH IS AT 5570 AND THE WEEKLY LOW IS AT 5355.
5DMA=5439
20DMA=5476 20EMA=5587
50DMA=5595 50EMA=5553
100DMA=5553 100EMA=5285
200DMA=5757 200EMA=4777
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5350, 5328 AND 5303 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5424, 5541, 5468 AND 5489 LEVEL.
5-DAY RSI AT 17 AND 14-DAY RSI AT 36 INDICATES NIFTY IS IN BEARISH AND NEARLY OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5400 FOR TARGET 5424/5441; STOPLOSS BELOW 5390.
SELL NIFTY FUTURE BELOW 5390 FOR TARGET 5370/5355; STOPLOSS ABOVE 5400.
BUY BANKNIFTY FUTURE AROUND 10660 FOR TARGET 10,700/10,720; STOPLOSS BELOW 10,620.
SELL BANKNIFTY FUTURE BELOW 10,570 FOR TARGET 10,530/10,490; STOPLOSS ABOVE 10,620.
