LAST MONDAY’S (12.09.2011) CLOSE WAS AT 4946.80 (- 112.65 POINTS). THE DAY HIGH WAS 4985.60 AND LOW WAS 4911.25. WEEKLY HIGH IS AT 5169.25 AND THE WEEKLY LOW IS AT 4911.25.
5DMA=5070
9DMA=5036
14DMA=4975
20DMA=4987
50DMA=5305
100DMA=5416
200DMA=5559
INTRADAY POSITIVE WILL BE ABOVE 4970 AND NEGATIVE WILL BE BELOW 4930. IMMEDIATE INTRADAY SUPPORTS ARE AT 4942, 4930, 4900 AND 4884 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 4955, 4970, 5015, 5024 AND 5067 LEVEL.
5-DAY RSI AT 36 AND 14-DAY RSI AT 41.41 INDICATES NIFTY IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 4950 FOR TARGET 4970/5000; STOPLOSS BELOW 4934.
SELL NIFTY FUTURE BELOW 4934 FOR TARGET 4911.4890; STOPLOSS ABOVE 4950.
BUY BANKNIFTY ABOVE 9430 FOR TARGET 9480/9530; STOPLOSS BELOW 9400.
SELL BANKNIFTY BELOW 9370 FOR TARGET 9310/9280; STOPLOSS ABOVE 9400.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX AT 32.75 INDICATING MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. BETTER TRADE FOR INTRADAY TILL 16TH SEPTEMBER, 2011.
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.
