LAST THURSDAY’S (25.08.2011) CLOSE WAS AT 4839.60 (- 49.30 POINTS). THE DAY HIGH WAS 4915.85 AND LOW WAS 4825.05. WEEKLY HIGH IS AT 5132.20 AND THE WEEKLY LOW IS AT 4796.10.
5DMA=4884
9DMA=4948
14DMA=5017
20DMA=5146
50DMA=5383
100DMA=5500
200DMA=5613
INTRADAY POSITIVE WILL BE ABOVE 4860 AND NEGATIVE WILL BE BELOW 4840. IMMEDIATE INTRADAY SUPPORTS ARE AT 4821, 4800, 4786 AND 4752 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 4860, 4889, 4914 AND 4934 LEVEL.
5-DAY RSI AT 25 AND 14-DAY RSI AT 28 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 4889 FOR TARGET OF 4915/4934; STOPLOSS BELOW 4867.
SELL NIFTY FUTURE BELOW 4840 FOR TARGET OF 4800/4790; STOPLOSS ABOVE 4867.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX INDICATES MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. POSITINOAL TRADERS CAN GO LONG AROUND 4790/4800 AREA WITH STOPLOSS OF 4750.
BUY BANKNIFTY AROUND 9270 FOR TARGET OF 9340/9370; STOPLOSS BELOW 9240.
SELL BANKNIFTY BELOW 9200 FOR TARGET OF 9140/9090; STOPLOSS ABOVE 9230.
NOTE: THE ABOVE CALLS MAY NOT BE TAKEN AS RECOMMENDATIONS. THIS IS ONLY MY VIEW/TRADING IDEA. IT IS ADVISED THAT EACH AND EVERY BLOG VISITORS/TRADERS/INVESTORS DO THEIR OWN RESEARCH AND/OR CONSULT FINANCIAL ADVISERS BEFORE TAKING ANY ACTION ON THE ABOVE MENTIONED CALLS.
