LAST MONDAY’S (01.08.2011) CLOSE WAS AT 5516.80 (+ 34.80 POINTS). THE DAY HIGH WAS 5551.90 AND LOW WAS 5486.45. WEEKLY HIGH IS AT 5702.25 AND THE WEEKLY LOW IS AT 5453.95.
5DMA=5522
9DMA=5559
14DMA=5570
20DMA=5588
50DMA=5522
100DMA=5581
200DMA=5700
IMMEDIATE TREND IS NEGATIVE. INTRADAY POSITIVE TREND WILL BE ABOVE 5550. IMMEDIATE INTRADAY SUPPORTS ARE AT 5496, 5488, 5470 AND 5440 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5524, 5550, 5589, AND 5600 LEVEL.
5-DAY RSI AT 42 AND 14-DAY RSI AT 46.59 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5488 FOR TARGET 5534/5560; STOPLOSS BELOW 5470.
SELL NIFTY FUTURE BELOW 5480 FOR TARGET 5460/5440/5434; STOPLOSS ABOVE 5596.
BUY BANKNIFTY ABOVE 10980 FOR TARGET 11040/11085; STOPLOSS 10950.
SELL BANKNIFTY BELOW 10950 FOR TARGET 10890/10850; STOPLOSS 10980.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
