LAST THURSDAY’S (28.07.2011) CLOSE WAS AT 5487.75 (- 59.05 POINTS). THE DAY HIGH WAS 5512.10 AND LOW WAS 5475.65. WEEKLY HIGH IS AT 5702.25 AND THE WEEKLY LOW IS AT 5475.65.
5DMA=5585
9DMA=5488
14DMA=5579
20DMA=5602
50DMA=5519
100DMA=5582
200DMA=5707
IMMEDIATE TREND IS NEGATIVE. INTRADAY POSITIVE TREND WILL BE ABOVE 5510. IMMEDIATE INTRADAY SUPPORTS ARE AT 5468, 5440 AND 5402 LEVEL. BELOW 5402 LEVEL, IT MAY TOUCH 5300/5200 IN NEAR FUTURE. IMMEDIATE INTRADAY RESISTANCE ARE AT 5524, 5550, AND 5589 LEVEL.
5-DAY RSI AT 31 AND 14-DAY RSI AT 43.85 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5510 FOR TARGET 5541/5560; STOPLOSS BELOW 5494.
SELL NIFTY FUTURE BELOW 5490 FOR TARGET 5470/5460/5434; STOPLOSS ABOVE 5511.
BUY BANKNIFTY ABOVE 10910 FOR TARGET 10955/11010; STOPLOSS 10880.
SELL BANKNIFTY BELOW 10840 FOR TARGET 10800/10770; STOPLOSS 10870.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
WATCH FOR NIFTY 5500PE/5600CE.
