LAST MONDAY’S (06.06.2011) CLOSE WAS AT 5532.05 (+ 15.30 POINTS). THE DAY HIGH WAS 5542.65 AND LOW WAS 5479.85. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5458.
5DMA=5550
20DMA=5483 20EMA=5518
50DMA=5647 50EMA=5571
100DMA=5577 100EMA=5618
200DMA=5758 200EMA=5608
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5489, 5460 AND 5438 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5590, 5611 AND 5634 LEVEL.
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5489, 5460 AND 5438 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5567, 5590, 5611 AND 5634 LEVEL.
5-DAY RSI AT 57 AND 14-DAY RSI AT 50 INDICATES NIFTY PLACED IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5550 FOR TARGET 5577/5594; STOPLOSS BELOW 5534.
SELL NIFTY FUTURE AROUND 5531 FOR TARGET 5510/5490; STOPLOSS ABOVE 5550.
BUY NIFTY FUTURE AROUND 5490 FOR TARGET 5530/5541; STOPLOSS BELOW 5470.
BUY BANKNIFTY FUTURE ABOVE 10,860 FOR TARGET 10,910/10,945; STOPLOSS BELOW 10,820
SELL BANKNIFTY FUTURE BELOW 10,780 FOR TARGET 10,730/10,690; STOPLOSS ABOVE 10,820.
