LAST WEDNESDAY’S (15.06.2011) CLOSE WAS AT 5447.50 (- 53.00 POINTS). THE DAY HIGH WAS 5499.35 AND LOW WAS 5438.95. WEEKLY HIGH IS AT 5570 AND THE WEEKLY LOW IS AT 5438.
5DMA=5488
20DMA=5484 20EMA=5507
50DMA=5616 50EMA=5554
100DMA=5560 100EMA=5603
200DMA=5758 200EMA=5600
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5489/5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5434, 5400 AND 5370 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5489, 5511, 5543 AND 5577 LEVEL.
5-DAY RSI AT 30 AND 14-DAY RSI AT 42 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5468 FOR TARGET 5589/5510; STOPLOSS BELOW 5450.
SELL NIFTY FUTURE BELOW 5440 FOR TARGET 5420/5400; STOPLOSS ABOVE 5468.
BUY NIFTY FUTURE AROUND 5401 FOR TARGET 5441/5468; STOPLOSS BELOW 5380.
BUY BANKNIFTY FUTURE AROUND 10570 FOR TARGET 10,630/10,660; STOPLOSS BELOW 10,540.
BUY BANKNIFTY FUTURE ABOVE 10,660 FOR TARGET 10,710/10,750; STOPLOSS BELOW 10,620.
SELL BANKNIFTY FUTURE BELOW 10,570 FOR TARGET 10,540/10,510; STOPLOSS ABOVE 10,610.
