LAST TUESDAY’S (02.08.2011) CLOSE WAS AT 5456.55 (- 60.25 POINTS). THE DAY HIGH WAS 5496.30 AND LOW WAS 5433.65. WEEKLY HIGH IS AT 5702.25 AND THE WEEKLY LOW IS AT 5433.65.
5DMA=5498
9DMA=5546
14DMA=5561
20DMA=5580
50DMA=5523
100DMA=5581
200DMA=5697
IMMEDIATE TREND IS NEGATIVE. INTRADAY POSITIVE TREND WILL BE ABOVE 5511. IMMEDIATE INTRADAY SUPPORTS ARE AT 5430, AND 5400 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5488, 5500 AND 5524 LEVEL.
5-DAY RSI AT 31 AND 14-DAY RSI AT 42.23 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5488 FOR TARGET 5534/5560; STOPLOSS BELOW 5470.
SELL NIFTY FUTURE BELOW 5470 FOR TARGET 5441/5430/5410; STOPLOSS ABOVE 5496.
BUY BANKNIFTY ABOVE 10820 FOR TARGET 10880/11935; STOPLOSS 10770.
SELL BANKNIFTY BELOW 10760 FOR TARGET 10710/10670; STOPLOSS 10810.
NOTE: ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
