LAST TUESDAY’S (14.06.2011) CLOSE WAS AT 5500.50 (+ 17.70 POINTS). THE DAY HIGH WAS 5520.15 AND LOW WAS 5484.20. WEEKLY HIGH IS AT 5604.95 AND THE WEEKLY LOW IS AT 5436.
5DMA=5503
20DMA=5483 20EMA=5521
50DMA=5624 50EMA=5567
100DMA=5562 100EMA=5599
200DMA=5758 200EMA=5612
IMMEDIATE TREND IS POSITIVE. 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 47 AND 14-DAY RSI AT 47 INDICATES NIFTY IS 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 10,860 FOR TARGET 10,910/10,950; STOPLOSS BELOW 10,820.
SELL BANKNIFTY FUTURE BELOW 10,770 FOR TARGET 10,740/10,710; STOPLOSS ABOVE 10,820.
