LAST WEDNESDAY’S (20.07.2011) CLOSE WAS AT 5567.05 (- 46.50 POINTS). THE DAY HIGH WAS 5645.40 AND LOW WAS 5555.10. WEEKLY HIGH IS AT 5653 AND THE WEEKLY LOW IS AT 5541.
5DMA=5586
9DMA=5590
14DMA=5613
20DMA=5585
50DMA=5506
100DMA=5574
200DMA=5723
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5600. IMMEDIATE INTRADAY SUPPORTS ARE AT 5550, 5524 AND 5500 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5600, 5641 AND 5667 LEVEL.
5-DAY RSI AT 43 AND 14-DAY RSI AT 50.50 INDICATES NIFTY IS IN NEUTRAL ZONE.
BUY NIFTY FUTURE ABOVE 5611 FOR TARGET 5641; STOPLOSS BELOW 5600.
BUY NIFTY FUTURE AROUND 5525 FOR TARGET 5550/5577; STOPLOSS BELOW 5500.
SELL NIFTY FUTURE BELOW 5600 FOR TARGET 5577/5550; STOPLOSS ABOVE 5611.
AVOID BANKNIFTY FOR THE TIME BEING ATLEAST TILL 26TH JULY, 2011.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
