LAST FRIDAY’S (16.09.2011) CLOSE WAS AT 5084.25 (+ 8.55 POINTS). THE DAY HIGH WAS 5143.60 AND LOW WAS 5068.10. WEEKLY HIGH IS AT 5143.60 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5012
9DMA=5051
14DMA=5013
20DMA=4978
50DMA=5255
100DMA=5383
200DMA=5544
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 62 AND 14-DAY RSI AT 53.82 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.
BUY BANKNIFTY ABOVE 9745 FOR TARGET 9800/9860; STOPLOSS BELOW 9710.
SELL BANKNIFTY BELOW 9670 FOR TARGET 9610/9570; STOPLOSS ABOVE 9700.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 28.45 INDICATING MORE THAN AVERAGE VOLATILITY.
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.
