LAST TUESDAY’S (13.09.2011) CLOSE WAS AT 4940.95 (- 5.85 POINTS). THE DAY HIGH WAS 5030.15 AND LOW WAS 4911.05. WEEKLY HIGH IS AT 5169.25 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5045
9DMA=5039
14DMA=4978
20DMA=4977
50DMA=5290
100DMA=5407
200DMA=5555
INTRADAY POSITIVE WILL BE ABOVE 4955 AND NEGATIVE WILL BE BELOW 4930. IMMEDIATE INTRADAY SUPPORTS ARE AT 4930, 4911, 4900, 4893 AND 4875 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 4970, 5018, 5031, 5054 AND 5067 LEVEL.
5-DAY RSI AT 36 AND 14-DAY RSI AT 41.13 INDICATES NIFTY IS NEAR 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.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX AT 32.77 INDICATING MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. BETTER NOT TO TRADE IN BANKNIFTY 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.
