LAST WEDNESDAY’S (13.07.2011) CLOSE WAS AT 5585.45 (+ 59.30 POINTS). THE DAY HIGH WAS 5596.15 AND LOW WAS 5541.40. WEEKLY HIGH IS AT 5740.40 AND THE WEEKLY LOW IS AT 5477.
5DMA=5623
9DMA=5628
14DMA=5603
20DMA=5517
50DMA=5502
100DMA=5566
200DMA=5735
IMMEDIATE TREND IS POSITIVE. NEGATIVE TREND WILL BE BELOW 5550/5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5560, 5530 AND 5490 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5611, 5640 AND 5659 LEVEL.
5-DAY RSI AT 47 AND 14-DAY RSI AT 52.74 INDICATES NIFTY IS IN NEUTRAL ZONE AND MAY ENTER EITHER IN BULLISH OR BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5610 FOR TARGET 5625/5659; STOPLOSS BELOW 5577.
BUY NIFTY FUTURE AROUND 5570 FOR TARGET 5590/5611; STOPLOSS BELOW 5541.
SELL NIFTY FUTURE BELOW 5540 FOR TARGET 5524/5500; STOPLOSS ABOVE 5564.
AVOID BANKNIFTY FOR THE TIME BEING.
