LAST MONDAY’S (11.07.2011) CLOSE WAS AT 5616.10 (- 44.55 POINTS). THE DAY HIGH WAS 5652.90 AND LOW WAS 5601.70. WEEKLY HIGH IS AT 5740.40 AND THE WEEKLY LOW IS AT 5477.
5DMA=5653
9DMA=5643
14DMA=5566
20DMA=5509
50DMA=5501
100DMA=5565
200DMA=5740
IMMEDIATE TREND IS NEGATIVE. POSITIVE TREND WILL BE ABOVE 5700. IMMEDIATE INTRADAY SUPPORTS ARE AT 5600, 5577 AND 5550 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5641, 5659 AND 5690 LEVEL.
5-DAY RSI AT 49 AND 14-DAY RSI AT 55.71 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5641 FOR TARGET 5660/5680; STOPLOSS BELOW 5620.
SELL NIFTY FUTURE BELOW 5600 FOR TARGET 5577/5550; STOPLOSS ABOVE 5621.
SELL NIFTY FUTURE AROUND 5680 FOR TARGET 5640/5610; STOPLOSS 5706.
BUY BANKNIFTY ABOVE 11170 FOR TAGET 11220/11260; STOPLOSS BELOW 11130.
SELL BANKNIFTY BELOW 11080 FOR TARGET 11040/11000; STOPLOSS ABOVE 11130.
SELL BANKNIFTY AROUND 11290 FOR TARGET 11240/11190; STOPLOSS ABOVE 11330.
