NIFTY & SENSEX VIEWS: (03rd Apr 2012)
NIFTY
Trend-Flat to strong
SENSEX
Trend-Flat to strong
If NIFTY breaches 5347 and stays above at least 5332 with good volume then NIFTY trend is becoming 'STRONG' and may see 5362 and 5385. :thumb:
If Nifty breaches 5288 and stays below 5304 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5270 and 5240.
If SENSEX breaches 17559 and stays above 17518 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17600 and 17675.
If SENSEX crosses 17396 and stays below 17438 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17350 and 17265.
Intraday break out level to watch on NIFTY Spot- 5347
Intraday break down level to watch on NIFTY Spot- 5288
BANKNIFTY FUTURES
BUY -10370 TARGETS -10410,10475,10560 SL-10345
(Above 10390 change stop loss to 10360)
SELL-10307 TARGETS -10272,10200,10120 SL-10335
RELINFRA FUTURES
BUY -621 TARGETS -628,638,653 SL-617
(At 624 change SL to 620)
SELL-608 TARGETS -604,594,574 SL-612
NIFTY PIVOT POINTS
R1-5340 R2-5362 R3-5393 PIVOT-5309 S1-5287 S2-5257 S3-5235
MOVING AVERAGES
SMA-7: 5241.81 SMA-13: 5270.49 SMA-26: 5304.86 SMA-50: 5318.76 SMA-200: 5147.82
EMA-12: 5272.38 EMA-26: 5289.96 EMA-50: 5253.05 EMA-200: 5205.62 MACD: -17.58
BANKNIFTY PIVOT POINTS
R1-10358 R2-10410 R3-10499 PIVOT-10269 S1-10217 S2-10129 S3-10076
MOVING AVERAGES
SMA-7: 10127.58 SMA-13: 10234.45 SMA-26: 10319.25 SMA-50: 10306.66 SMA-200: 9800.26
EMA-12: 10219.26 EMA-26: 10262.70 EMA-50: 10113.37 EMA-200: 9919.26 MACD: -43.44