NIFTY & SENSEX VIEWS: (17th May 2012)
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 4884 and stays above at least 4870 with good volume then NIFTY trend is becoming 'STRONG' and may see 4900 and 4920. :clapping:
If Nifty breaches 4833 and stays below 4846 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 4815 and 4800.
If SENSEX breaches 16118 and stays above 16073 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 16170 and 16250. :clap:
If SENSEX crosses 15943 and stays below 15987 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 15890 and 15830.
Intraday break out level to watch on NIFTY Spot- 4884
Intraday break down level to watch on NIFTY Spot- 4833
BANKNIFTY FUTURES
BUY -9130 TARGETS -9180,9280,9380 SL-9090
SELL-9060 TARGETS -9020,8940,8850 SL-9100
NIFTY PIVOT POINTS
R1-4881 R2-4904 R3-4927 PIVOT-4859 S1-4836 S2-4814 S3-4791
MOVING AVERAGES
SMA-7: 4939.74 SMA-13: 5051.07 SMA-26: 5146.89 SMA-50: 5216.09 SMA-200: 5091.98
EMA-12: 5008.96 EMA-26: 5104.09 EMA-50: 5162.18 EMA-200: 5192.64 MACD: -95.13
BANKNIFTY PIVOT POINTS
R1-9233 R2-9301 R3-9394 PIVOT-9140 S1-9071 S2-8979 S3-8910
MOVING AVERAGES
SMA-7: 9363.45 SMA-13: 9703.50 SMA-26: 10017.33 SMA-50: 10153.52 SMA-200: 9650.67
EMA-12: 9576.79 EMA-26: 9851.56 EMA-50: 9981.89 EMA-200: 9945.74 MACD: -274.77
NIFTY
Trend-Weak
SENSEX
Trend-Weak
If NIFTY breaches 4884 and stays above at least 4870 with good volume then NIFTY trend is becoming 'STRONG' and may see 4900 and 4920. :clapping:
If Nifty breaches 4833 and stays below 4846 then NIFTY trend is to be 'WEAK'.Then expected lower targets are 4815 and 4800.
If SENSEX breaches 16118 and stays above 16073 with good volume then Sensex trend is becoming 'STRONG' , possible upper targets are 16170 and 16250. :clap:
If SENSEX crosses 15943 and stays below 15987 with good volume then Sensex trend is said to be 'WEAK'.Then expected lower targets are 15890 and 15830.
Intraday break out level to watch on NIFTY Spot- 4884
Intraday break down level to watch on NIFTY Spot- 4833
BANKNIFTY FUTURES
BUY -9130 TARGETS -9180,9280,9380 SL-9090
SELL-9060 TARGETS -9020,8940,8850 SL-9100
NIFTY PIVOT POINTS
R1-4881 R2-4904 R3-4927 PIVOT-4859 S1-4836 S2-4814 S3-4791
MOVING AVERAGES
SMA-7: 4939.74 SMA-13: 5051.07 SMA-26: 5146.89 SMA-50: 5216.09 SMA-200: 5091.98
EMA-12: 5008.96 EMA-26: 5104.09 EMA-50: 5162.18 EMA-200: 5192.64 MACD: -95.13
BANKNIFTY PIVOT POINTS
R1-9233 R2-9301 R3-9394 PIVOT-9140 S1-9071 S2-8979 S3-8910
MOVING AVERAGES
SMA-7: 9363.45 SMA-13: 9703.50 SMA-26: 10017.33 SMA-50: 10153.52 SMA-200: 9650.67
EMA-12: 9576.79 EMA-26: 9851.56 EMA-50: 9981.89 EMA-200: 9945.74 MACD: -274.77