LAST TUESDAY’S (28.06.2011) CLOSE WAS AT 5545.30 (+ 18.70 POINTS). THE DAY HIGH WAS 5558.30 AND LOW WAS 5496.35. WEEKLY HIGH IS AT 5558.65 AND THE WEEKLY LOW IS AT 5195.
5DMA=5428
20DMA=5458 20EMA=5444
50DMA=5531 50EMA=5504
100DMA=5540 100EMA=5567
200DMA=5751 200EMA=5581
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5511, 5489 AND 5460 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5577, 5605 AND 5659 LEVEL.
5-DAY RSI AT 77 AND 14-DAY RSI AT 57.41 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5545 FOR TARGET 5577/5600; STOPLOSS BELOW 5531.
SELL NIFTY FUTURE BELOW 5511 FOR TARGET 5480/5460; STOPLOSS ABOVE 5531.
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.
