LAST MONDAY’S (26.12.2011) CLOSE WAS AT 4779.00 (+ 65.00 POINTS). THE DAY HIGH WAS 4787.25 AND LOW WAS 4718.15. WEEKLY HIGH IS AT 4787.25 AND THE WEEKLY LOW IS AT 4531.15.
5DMA=4693
9DMA=4693
14DMA=4762
20DMA=4810
50DMA=4972
100DMA=5008
200DMA=5297
INTRADAY POSITIVE WILL BE ABOVE 4800 AND NEGATIVE WILL BE BELOW 4750. IMMEDIATE INTRADAY SUPPORTS ARE AT 4750, 4731, 4710, 4680, 4664, 4651 AND 4640 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4780, 4800, 4820 AND 4845 LEVEL. EXPECTED RANGE FOR TODAY MAYBE 4710-4840.
5-DAY RSI AT 60 AND 14-DAY RSI AT 47.29 INDICATES NIFTY IS IN NEUTRAL ZONE.
FLAT TO POSITIVE OPENING/CONSOLIDATION IS EXPECTED.
BUY NIFTY FUTURE ABOVE 4800 FOR TARGET 4820/4840; STOPLOSS BELOW 4779.
SELL NIFTY FUTURE BELOW 4762 FOR TARGET 4731/4710; STOPLOSS ABOVE 4779.
FOR RISKY TRADE: GO LONG IN NIFTY FUTURE AROUND 4790 LEVEL WITH STOPLOSS BELOW 4770 FOR TARGET OF 4850-4890 POSITIONALLY (WITHIN THIS EXPIRY). THIS WILL BE NEGATIATED IF NIFTY CLOSED BELOW 4770 ON EOD.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 26.60 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.
