LAST TUESDAY’S (16.08.2011) CLOSE WAS AT 5035.80 (- 37.15 POINTS). THE DAY HIGH WAS 5132.20 AND LOW WAS 5015.40. WEEKLY HIGH IS AT 5204.20 AND THE WEEKLY LOW IS AT 4946.45.
5DMA=5096
9DMA=5172
14DMA=5288
20DMA=5382
50DMA=5465
100DMA=5556
200DMA=5657
INTRADAY POSITIVE WILL BE ABOVE 5067 AND NEGATIVE WILL BE BELOW 5015. IMMEDIATE INTRADAY SUPPORTS ARE AT 5015, 5000, 4980 AND 4950 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5055, 5067, 5089 AND 5114 LEVEL.
5-DAY RSI AT 19 AND 14-DAY RSI AT 27 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5067 FOR TARGET 5115/5155; STOPLOSS BELOW 5050.
SELL NIFTY FUTURE BELOW 5067 FOR TARGET 5044/5031; STOPLOSS ABOVE 5088.
SELL NIFTY FUTURE AROUND 5020 FOR TARGET 5000/4980/4950; STOPLOSS ABOVE 5044.
ALL LEVELS ARE NIFTY SPOT LEVEL. VOLATILITY MAY BE SEEN. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
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 YOUR OWN RESEARCH AND/OR CONSULT YOUR FINANCIAL ADVISERS BEFORE TAKING ANY ACTION ON THE ABOVE MENTIONED CALLS.
