LAST THURSDAY’S (15.09.2011) CLOSE WAS AT 5075.70 (+ 63.15 POINTS). THE DAY HIGH WAS 5091.45 AND LOW WAS 4967.45. WEEKLY HIGH IS AT 5169.25 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5007
9DMA=5044
14DMA=4996
20DMA=4976
50DMA=5265
100DMA=5390
200DMA=5547
INTRADAY POSITIVE WILL BE ABOVE 5115 AND NEGATIVE WILL BE BELOW 5067. IMMEDIATE INTRADAY SUPPORTS ARE AT 5067, 5055, 5031 AND 5011 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5115, 5135, 5155 AND 5177 LEVEL.
5-DAY RSI AT 61 AND 14-DAY RSI AT 49.85 INDICATES NIFTY IS NEAR BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5115 FOR TARGET 5135/5155; STOPLOSS BELOW 5100.
SELL NIFTY FUTURE BELOW 5067 FOR TARGET 5049/5030; STOPLOSS ABOVE 5089.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX AT 30.79 INDICATING MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. TRADE LESS ATLEAST FOR TODAY AND WITH STRICT STOPLOSS.
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.
