LAST FRIDAY’S (24.06.2011) CLOSE WAS AT 5471.25 (+ 151.25 POINTS). THE DAY HIGH WAS 5477.85 AND LOW WAS 5343.40. WEEKLY HIGH IS AT 5477 AND THE WEEKLY LOW IS AT 5195.
5DMA=5321
20DMA=5455 20EMA=5576
50DMA=5540 50EMA=5550
100DMA=5538
200DMA=5752
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5450, 5400 AND 5355 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5489, 5511 AND 5550 LEVEL.
5-DAY RSI AT 70 AND 14-DAY RSI AT 52.03 INDICATES NIFTY IS IN BULLISH AND NEAR OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5490 FOR TARGET 5510/5531; STOPLOSS BELOW 5477.
SELL NIFTY FUTURE BELOW 5441 FOR TARGET 5420/5400; STOPLOSS ABOVE 5460.
BUY NIFTY FUTURE AROUND 5410 FOR TARGET 5440/5470; STOPLOSS BELOW 5380.
BUY BANKNIFTY FUTURE AROUND 10930 FOR TARGET 10,970/11,015; STOPLOSS BELOW 10,890.
SELL BANKNIFTY FUTURE BELOW 10,840 FOR TARGET 10,800/10,780; STOPLOSS ABOVE 10,890.
BUY BANKNIFTY FUTURE AROUND 10740 FOR TARGET 10780/10810; STOPLOSS BELOW 10690.
