LAST WEDNESDAY’S (21.09.2011) CLOSE WAS AT 5133.25 (- 6.95 POINTS). THE DAY HIGH WAS 5168.40 AND LOW WAS 5109.85. WEEKLY HIGH IS AT 5149.90 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5093
9DMA=5047
14DMA=5059
20DMA=5009
50DMA=5221
100DMA=5362
200DMA=5531
INTRADAY POSITIVE WILL BE ABOVE 5131-34 AND NEGATIVE WILL BE BELOW 5111. IMMEDIATE INTRADAY SUPPORTS ARE AT 5124, 5111, 5100, 5089 AND 5067 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5144, 5177, 5190, 5200, 5213 AND 5229 LEVEL.
5-DAY RSI AT 65 AND 14-DAY RSI AT 53.29 INDICATES NIFTY IS NEAR BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5144 FOR TARGET 5170/5200; STOPLOSS BELOW 5131.
SELL NIFTY FUTURE BELOW 5110 FOR TARGET 5088/5067; STOPLOSS ABOVE 5125.
BUY 5100 OR 5200 PE AROUND 5177/5180 LEVEL WITH STRICT STOPLOSS OF 5200
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 27.67 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.
