LAST THURSDAY’S (15.12.2011) CLOSE WAS AT 4746.35 (- 37.35 POINTS). THE DAY HIGH WAS 4768.65 AND LOW WAS 4673.85. WEEKLY HIGH IS AT 4918.35 AND THE WEEKLY LOW IS AT 4673.85.
5DMA=4788
9DMA=4932
14DMA=4868
20DMA=4853
50DMA=5001
100DMA=5105
200DMA=5322
INTRADAY POSITIVE WILL BE ABOVE 4780 AND NEGATIVE WILL BE BELOW 4750. IMMEDIATE INTRADAY SUPPORTS ARE AT 4750, 4731, 4710, 4684 AND 4670 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4764, 4789, 4800, 4824 AND 4851 LEVEL. EXPECTED RANGE FOR TODAY MAYBE 4670-4820.
5-DAY RSI AT 29 AND 14-DAY RSI AT 38.91 INDICATES NIFTY STILL IS IN BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 4780 FOR TARGET 4820/4840; STOPLOSS BELOW 4760.
SELL NIFTY FUTURE BELOW 4760 FOR TARGET 4730/4710; STOPLOSS ABOVE 4780.
FOR RISKY TRADE: GO LONG IN NIFTY FUTURE AROUND 4800 LEVEL WITH STOPLOSS BELOW 4790 FOR TARGET OF 4900-4950 POSITIONALLY.
HOLD GMRINFRA 20CE TAKEN YESTERDAY @ 0.40/0.45 FOR TARGET 1.00/1.10; STOPLOSS BELOW 0.30 (LOT SIZE=8000) THOSE WHO BOUGHT GMRINFRA 20CE @0.60 MAY HOLD WITH STOPLOSS BELOW 0.40 (AS SUGGESTED 14.12.2011) IF THERE IS ANY NEGATIVE CUES FROM RBI MONETARY POLICY, EXIT GMRINFRA AND ALL OTHER LONG POSITIONS.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 28.81 IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.
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.
