LAST THURSDAY’S (22.09.2011) CLOSE WAS AT 4923.65 (- 209.60 POINTS). THE DAY HIGH WAS 5059.85 AND LOW WAS 4907.75. WEEKLY HIGH IS AT 5149.90 AND THE WEEKLY LOW IS AT 4907.75.
5DMA=5093
9DMA=5032
14DMA=5051
20DMA=5007
50DMA=5207
100DMA=5354
200DMA=5526
INTRADAY POSITIVE WILL BE ABOVE 4960 AND NEGATIVE WILL BE BELOW 4900. IMMEDIATE INTRADAY SUPPORTS ARE AT 4900, 4889, 4868, 4848 AND 4820 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 4950, 4963, 4985, 5000, 5020 AND 5050 LEVEL.
5-DAY RSI AT 32 AND 14-DAY RSI AT 41.68 INDICATES NIFTY IS NEAR BEARISH ZONE.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 33.88 INDICATING MORE THAN AVERAGE VOLATILITY. NO CALLS AS OF NOW FOR TODAY. GAP-DOWN OPENING IS EXPECTED.
KINDLY VISIT THE OTHER BLOG. TODAY SECOND HALF, I MAY INITIATE SOME TRADE IN DERIVATIVE.
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.
