LAST MONDAY’S (22.08.2011) CLOSE WAS AT 4898.80 (+ 53.15 POINTS). THE DAY HIGH WAS 4910.05 AND LOW WAS 4808.75. WEEKLY HIGH IS AT 5204.20 AND THE WEEKLY LOW IS AT 4796.10.
5DMA=4956
9DMA=5025
14DMA=5124
20DMA=5252
50DMA=5418
100DMA=5527
200DMA=5634
INTRADAY POSITIVE WILL BE ABOVE 4934 AND NEGATIVE WILL BE BELOW 4886. IMMEDIATE INTRADAY SUPPORTS ARE AT 4864, 4840, 4800 AND 4786 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 4934, 4955, 4975 AND 5015 LEVEL.
5-DAY RSI AT 26 AND 14-DAY RSI AT 27.31 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 4920 FOR TARGET OF 4955/4975; STOPLOSS BELOW 4888.
SELL NIFTY FUTURE BELOW 4888 FOR TARGET OF 4845/4780; STOPLOSS ABOVE 4920.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX INDICATES MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. FOR BANKNIFTY, BETTER AVOID FOR THE TIME BEING.
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.
