LAST THURSDAY’S (12.01.2012) CLOSE WAS AT 4831.25 (- 29.70 POINTS). THE DAY HIGH WAS 4869.20 AND LOW WAS 4803.90. WEEKLY HIGH IS AT 4877.20 AND THE WEEKLY LOW IS AT 4695.45.
5DMA=4808
9DMA=4783
14DMA=4743
20DMA=4720
50DMA=4864
100DMA=4937
200DMA=5249
INTRADAY POSITIVE WILL BE ABOVE 4840 AND NEGATIVE WILL BE BELOW 4820. IMMEDIATE INTRADAY SUPPORTS ARE AT 4820, 4800, 4784, 4770 AND 4750 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4840, 4860, 4881, 4994 AND 4900 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4770-4930.
5-DAY RSI AT 66 AND 14-DAY RSI AT 54.32 INDICATES NIFTY IS ENTERING INTO BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 4845 FOR TARGET 4880/4910; STOPLOSS BELOW 4820.
SELL NIFTY FUTURE BELOW 4820 FOR TARGET 4800/4784; STOPLOSS ABOVE 4840.
FOR RISKY TRADE: WATCH ITC ..... NEXT WEEK, PROBABLY THERE WILL BE A TRADING CALL FOR ITC (INFY 2800PE CALL GAVE US A SOLID PROFIT OF MORE THAN ` 18,000 TODAY .... IN ONE DAY......)
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 24.03 IS INDICATING LESS 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.
