NIFTY SAR for 29th Feb

Nifty today attempted to reverse back but closed below 20D SMA and SAR.  SAR  for NIFTY is now at 5421 and for Bank Nifty at 10555. Tomorrow's open will be crucial.

Fibo Targets for Nifty

Market continues in sell mode.

Nifty today broke the 20DSMA, cluster points between 5300-5400 and closed at 5281. Now we can calculate the fibo levels for possible target of NIFTY in days to come.

	From	To	Fall/Rise	0.236%	0.380%	0.500%	0.618%	0.786%
NIFTY	4531	5628	1097	5369	5211	5080	4950	4766

So the next target is 5211. 5170-5220 is strong support zone. 200 D SMA is at 5171. Below this further weakness continues.
NIFTY spot SAR for 28th Feb is at 5430 & Bank Nifty at 10571.

NIFTY SAR

Friday’s figures are as below:

	High	Low	Close	EMA 10 (SAR)	SMA 20
Nifty (Spot)	5521	5405	5429	5464	5382
Bank Nifty	10759	10435	10506	10674	10415

Both the indexes decisively went below SAR, and took support at 20 DSMA. Last cluster zone     at 5327-5424 is offering support here. Nifty should decisively brake this support zone to show further weakness.  

NIFTY SAR

NIFTY spot SAR is at 5470 & Bank Nifty at 10700 again. Yesterday market breached the SAR and reversed again. Today BN is already below SAR.

SAR for 23'rd Feb 2012

SAR for the day Nifty Spot 5460, Bank Nifty 10700.

SAR for today Nifty (Spot) 5460, Bank Nifty 10700.