LAST MONDAY’S (27.06.2011) CLOSE WAS AT 5526.60 (+ 55.35 POINTS). THE DAY HIGH WAS 5552.65 AND LOW WAS 5434.25. WEEKLY HIGH IS AT 5552.65 AND THE WEEKLY LOW IS AT 5195.
5DMA=5374
20DMA=5458
50DMA=5535
100DMA=5539
200DMA=5752
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5490, 5441 AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5577, 5605 AND 5650 LEVEL.
5-DAY RSI AT 76 AND 14-DAY RSI AT 56.10 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5545 FOR TARGET 5577/5600; STOPLOSS BELOW 5511.
SELL NIFTY FUTURE BELOW 5511 FOR TARGET 5480/5460; STOPLOSS ABOVE 5541.
BUY BANKNIFTY FUTURE AROUND 11,090 FOR TARGET 11,140/11,155; STOPLOSS BELOW 11,040.
SELL BANKNIFTY FUTURE BELOW 11,020 FOR TARGET 10,970/10,940; STOPLOSS ABOVE 11,050.
