LAST TUESDAY’S (27.09.2011) CLOSE WAS AT 4971.25 (+ 135.85 POINTS). THE DAY HIGH WAS 4982.95 AND LOW WAS 4905.15. WEEKLY HIGH IS AT 5168.40 AND THE WEEKLY LOW IS AT 4758.85.
5DMA=4946
9DMA=5007
14DMA=5014
20DMA=5017
50DMA=5166
100DMA=5335
200DMA=5510
INTRADAY POSITIVE WILL BE ABOVE 4980 AND NEGATIVE WILL BE BELOW 4960. IMMEDIATE INTRADAY SUPPORTS ARE AT 4960, 4940, 4910 AND 4890 LEVEL. BELOW 4885, EXIT ALL LONGS, IF ANY. IMMEDIATE INTRADAY RESISTANCE ARE AT 4980, 5015, 5035, AND 5050 LEVEL.
5-DAY RSI AT 50 AND 14-DAY RSI AT 46.42 INDICATES NIFTY IS IN CRITICAL NEUTRAL ZONE. MAY MOVE EITHER SIDE.
BUY NIFTY FUTURE ABOVE 4970 FOR TARGET 5015/5024; STOPLOSS BELOW 4955.
SELL NIFTY FUTURE BELOW 4955 FOR TARGET 4925/4910; STOPLOSS ABOVE 4970.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 32.01 INDICATING MORE THAN AVERAGE VOLATILITY. A GAP-UP OPENING IS EXPECTED SUBJECT TO ASIAN MARKETS CONDITION.
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.
