LAST FRIDAY’S (01.07.2011) CLOSE WAS AT 5627.20 (- 20.20 POINTS). THE DAY HIGH WAS 5705.80 AND LOW WAS 5609.75. WEEKLY HIGH IS AT 5705.80 AND THE WEEKLY LOW IS AT 5477.
5DMA=5558 20EMA=5477
20DMA=5463 50EMA=5513
50DMA=5524 100EMA=5569
200DMA=5750 200EMA=5582
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5570. IMMEDIATE INTRADAY SUPPORTS ARE AT 5620, 5605 AND 5577 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5659, 5670 AND 5700 LEVEL.
5-DAY RSI AT 78 AND 14-DAY RSI AT 61.86 INDICATES NIFTY IS IN BULLISH AND IN OVERBOUGHT ZONE.
BUY NIFTY FUTURE ABOVE 5661 FOR TARGET 5680/5700; STOPLOSS BELOW 5641.
SELL NIFTY FUTURE BELOW 5621 FOR TARGET 5605/5580; STOPLOSS ABOVE 5641.
BUY NIFTY FUTURE AROUND 5575/5580 FOR TARGET 5620/5660; STOPLOSS BELOW 5550
BUY BANKNIFTY FUTURE AROUND 11,330 FOR TARGET 11,370/11,400; STOPLOSS BELOW 11,280.
SELL BANKNIFTY FUTURE BELOW 11,240 FOR TARGET 11,200/11,150; STOPLOSS ABOVE 11,280.
