LAST FRIDAY’S (29.07.2011) CLOSE WAS AT 5482 (- 5.75 POINTS). THE DAY HIGH WAS 5520.30 AND LOW WAS 5453.95. WEEKLY HIGH IS AT 5702.25 AND THE WEEKLY LOW IS AT 5453.95.
5DMA=5554
9DMA=5570
14DMA=5571
20DMA=5595
50DMA=5520
100DMA=5581
200DMA=5703
IMMEDIATE TREND IS NEGATIVE. INTRADAY POSITIVE TREND WILL BE ABOVE 5510. IMMEDIATE INTRADAY SUPPORTS ARE AT 5453, 5434 AND 5402 LEVEL. BELOW 5402 LEVEL, IT MAY TOUCH 5350/5300 IN NEAR FUTURE. IMMEDIATE INTRADAY RESISTANCE ARE AT 5496, 5520, 5550, AND 5589 LEVEL.
5-DAY RSI AT 30 AND 14-DAY RSI AT 43.46 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5510 FOR TARGET 5534/5550; STOPLOSS BELOW 5494.
SELL NIFTY FUTURE BELOW 5490 FOR TARGET 5470/5460/5434; STOPLOSS ABOVE 5511.
BUY BANKNIFTY ABOVE 10930 FOR TARGET 10985/11025; STOPLOSS 10880.
SELL BANKNIFTY BELOW 10870 FOR TARGET 10820/10790; STOPLOSS 10900.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
