Tuesday, February 15, 2011

Tuesday Closing Report

The immediate resistance remains at 5,555 on the Nifty and 18,500 on the Sensex 
The Nifty opened on a positive note today, 12 points up, at 5,468. However, the index immediately slipped in the negative to touch an intra-day low of 5,408. The Sensex hit an intra-day low of 18,050. Buying resumed immediately and the two benchmarks made a new seven-day intra-day high of 5,507 and 18,362, respectively. The Nifty's intra-day high touched the 20-day moving average. The 301-point loss on the Nifty between 4 February 2011 and 10 February has been covered up to the extent of 255 points in just three days of gains from 11 February.
The Nifty broke another level of resistance at 5,480 and closed 25 points up at 5,481, while the Sensex ended 72 points up at 18,274. The advance-decline ratio on the National Stock Exchange was 1016:806. The Nifty's next resistance is at 5,555. As we mentioned yesterday, if this level too is crossed in the next two days, the market will move up substantially-towards 5,700 and 5,800. 

Tuesday, February 8, 2011

RESISITENCE AND SUPPORT FOR 8 FEB 2011

NIFTY
PIVOT POINTS
R1-5432
R2-5468
R3-5496
PIVOT-5404
S1-5368
S2-5341
S3-5305
MOVING AVERAGES
SMA-7: 5455.11  
SMA-13: 5563.07  
SMA-26: 5729.09  
SMA-50: 5832.71  
SMA-200: 5626.89
EMA-12: 5534.00
EMA-26: 5665.31 
EMA-50: 5773.72  
EMA-200: 5636.78  
MACD: -131.31

BANKNIFTY
PIVOT POINTS
R1-10478
R2-10572
R3-10633
PIVOT-10416
S1-10322
S2-10260
S3-10167
MOVING AVERAGES
SMA-7: 10522.85  
SMA-13: 10666.39  
SMA-26: 10858.52  
SMA-50: 11234.62  
SMA-200:10928.35
EMA-12: 10614.42 
EMA-26: 10840.84  
EMA-50: 11148.36  
EMA-200: 10880.13  
MACD: -226.42
NB:-R=RESISTANCE S=SUPPORT