LAST TUESDAY’S (21.06.2011) CLOSE WAS AT 5275.85 (+ 17.95 POINTS). THE DAY HIGH WAS 5322.45 AND LOW WAS 5257.00. WEEKLY HIGH IS AT 5377 AND THE WEEKLY LOW IS AT 5195.
5DMA=5349 20EMA=5445
20DMA=5464 50EMA=5520
50DMA=5570 100EMA=5581
200DMA=5755 200EMA=5588
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5441. IMMEDIATE INTRADAY SUPPORTS ARE AT 5250, 5201 AND 5177 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5331, 5350 AND 5377 LEVEL.
5-DAY RSI AT 17 AND 14-DAY RSI AT 32 INDICATES NIFTY IS IN OVERSOLD ZONE.
BUY NIFTY FUTURE ABOVE 5280 FOR TARGET 5300/5331; STOPLOSS BELOW 5260.
SELL NIFTY FUTURE BELOW 5250 FOR TARGET 5220/5200; STOPLOSS ABOVE 5260.
BUY BANKNIFTY FUTURE AROUND 10530 FOR TARGET 10,570/10,600; STOPLOSS BELOW 10,500.
SELL BANKNIFTY FUTURE BELOW 10,500 FOR TARGET 10,440/10,410; STOPLOSS ABOVE 10,530.
