NIFTY & SENSEX VIEWS: (23rd Apr 2012)
NIFTY
Trend-Flat
SENSEX
Trend-Flat
If NIFTY breaches 5341 and stays above at least 5315 with good volume then NIFTY trend is becoming 'STRONG' and may see 5370 and 5420. :clapping:
If Nifty breaches 5240 and stays below 5266 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 5210 and 5160.
If SENSEX breaches 17533 and stays above 17453 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 17630 and 17780. :clap:
If SENSEX crosses 17215 and stays below 17295 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 17120 and 16970.
Intraday break out level to watch on NIFTY Spot- 5341
Intraday break down level to watch on NIFTY Spot- 5240
TATASTEEL FUTURES
BUY -471.10 TARGETS -473.50,478.50,484 SL-468.70
SELL-467.50 TARGETS -465,460.50,455 SL-470
Intraday Cash
GITANJALI
BUY -333.75 TARGETS -334.90,336,340 SL-332.60
SELL-330.50 TARGETS -329,326,323.50 SL-332
NIFTY PIVOT POINTS
R1-5336 R2-5382 R3-5427 PIVOT-5291 S1-5245 S2-5200 S3-5155
MOVING AVERAGES
SMA-7: 5274.78 SMA-13: 5279.05 SMA-26: 5280.38 SMA-50: 5336.96 SMA-200: 5138.70
EMA-12: 5278.90 EMA-26: 5281.99 EMA-50: 5261.82 EMA-200: 5213.55 MACD: -3.09
BANKNIFTY PIVOT POINTS
R1-10560 R2-10664 R3-10751 PIVOT-10474 S1-10370 S2-10283 S3-10179
MOVING AVERAGES
SMA-7: 10456.58 SMA-13: 10370.46 SMA-26: 10324.93 SMA-50: 10423.54 SMA-200: 9777.41
EMA-12: 10398.85 EMA-26: 10345.28 EMA-50: 10218.11 EMA-200: 9971.25 MACD: 53.57