NIFTY & SENSEX VIEWS: (23rd Jan 2012)
NIFTY
Trend-Flat
SENSEX
Trend-Flat
If NIFTY breaches 5082 and stays above at least 5065 with good volume then NIFTY trend is becoming 'STRONG' and may see 5099 and 5125. :clapping:
If Nifty breaches 5015 and stays below 5033 then NIFTY trend is said to be 'WEAK'.Then expected lower targets are 4995 and 4960.
If SENSEX breaches 16836 and stays above 16787 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 16885 and 16965. :thumb:
If SENSEX crosses 16641 and stays below 16691 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 16585 and 16480.
Intraday break out level to watch on NIFTY Spot- 5082
Intraday break down level to watch on NIFTY Spot- 5015
NIFTY PIVOT POINTS
R1-5074 R2-5099 R3-5134 PIVOT-5039 S1-5014 S2-4979 S3-4954
MOVING AVERAGES
SMA-7: 4937.32 SMA-13: 4866.58 SMA-26: 4777.74 SMA-50: 4823.74 SMA-200: 5220.22
EMA-12: 4900.96 EMA-26: 4848.14 EMA-50: 4865.43 EMA-200: 5130.64 MACD: 52.82
BANKNIFTY PIVOT POINTS
R1-9629 R2-9740 R3-9920 PIVOT-9449 S1-9337 S2-9157 S3-9045
MOVING AVERAGES
SMA-7: 9091.70 SMA-13: 8853.38 SMA-26: 8507.11 SMA-50: 8626.12 SMA-200: 9997.03
EMA-12: 8940.98 EMA-26: 8748.44 EMA-50: 8794.62 EMA-200: 9659.30 MACD: 192.54
NIFTY FUTURES
BUY -5055 TARGETS -5070,5090,5125 SL-5042
SELL-5034 TARGETS -5019,5000,4960 SL-5046
ICICIBANK FUTURES
BUY -844 TARGETS -852,865,885 SL-840
SELL-831.50 TARGETS -825,813,790 SL-835.50