LAST FRIDAY’S (12.08.2011) CLOSE WAS AT 5072.95 (- 65.35 POINTS). THE DAY HIGH WAS 5194.45 AND LOW WAS 5053.35. WEEKLY HIGH IS AT 5551.90 AND THE WEEKLY LOW IS AT 4946.45.
5DMA=5113
9DMA=5268
14DMA=5370
20DMA=5409
50DMA=5475
100DMA=5560
200DMA=5662
INTRADAY POSITIVE WILL BE ABOVE 5111 AND NEGATIVE WILL BE BELOW 5067. IMMEDIATE INTRADAY SUPPORTS ARE AT 5045, 5020, 5000 AND 4980 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5155, 5177, 5200 AND 5224 LEVEL.
5-DAY RSI AT 22 AND 14-DAY RSI AT 29 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE AROUND 5111 FOR TARGET 5134/5155; STOPLOSS BELOW 5088.
SELL NIFTY FUTURE BELOW 5067 FOR TARGET 5044/5031; STOPLOSS ABOVE 5088.
ALL LEVELS ARE NIFTY SPOT LEVEL. VOLATILITY WILL BE SEEN.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
