LAST WEDNESDAY’S (29.06.2011) CLOSE WAS AT 5600.45 (+ 55.15 POINTS). THE DAY HIGH WAS 5608.65 AND LOW WAS 5566.50. WEEKLY HIGH IS AT 5608.65 AND THE WEEKLY LOW IS AT 5195.
5DMA=5493
20DMA=5458 20EMA=5459
50DMA=5529 50EMA=5508
100DMA=5541 100EMA=5567
200DMA=5751 200EMA=5581
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5577. IMMEDIATE INTRADAY SUPPORTS ARE AT 5577, 5550 AND 5441 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5608, 5621 AND 5659 LEVEL.
5-DAY RSI AT 82 AND 14-DAY RSI AT 61.10 INDICATES NIFTY IS IN BULLISH AND NEAR OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5612 FOR TARGET 5635/5655; STOPLOSS BELOW 5598.
SELL NIFTY FUTURE BELOW 5577 FOR TARGET 5550/5541; STOPLOSS ABOVE 5590.
BUY BANKNIFTY FUTURE AROUND 11,190 FOR TARGET 11,240/11,260; STOPLOSS BELOW 11,150.
SELL BANKNIFTY FUTURE BELOW 11,150 FOR TARGET 11,110/11,070; STOPLOSS ABOVE 11,190.
