LAST MONDAY’S (13.06.2011) CLOSE WAS AT 5482.80 (- 3.00 POINTS). THE DAY HIGH WAS 5496.70 AND LOW WAS 5436.95. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5436.
5DMA=5515
20DMA=5479
50DMA=5631
100DMA=5564
200DMA=5757
IMMEDIATE TREND IS NEUTRAL WITH NEGAITIVE BIAS. POSITIVE TREND WILL BE ABVOE 5547. NEGATIVE TREND WILL BE BELOW 5460. IMMEDIATE INTRADAY SUPPORTS ARE AT 5461, 5434 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5511, 5543, 5577 AND 5605 LEVEL.
5-DAY RSI AT 37 AND 14-DAY RSI AT 45 INDICATES NIFTY PLACED IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5511 FOR TARGET 5534/5550; STOPLOSS BELOW 5490.
SELL NIFTY FUTURE AROUND 5489 FOR TARGET 5468/5450; STOPLOSS ABOVE 5510.
BUY NIFTY FUTURE AROUND 5441 FOR TARGET 5464/5484; STOPLOSS BELOW 5430.
BUY BANKNIFTY FUTURE ABOVE 10,670 FOR TARGET 10,710/10,750; STOPLOSS BELOW 10,640.
SELL BANKNIFTY FUTURE BELOW 10,670 FOR TARGET 10,640/10,610; STOPLOSS ABOVE 10,700.
