LAST FRIDAY’S (13.01.2012) CLOSE WAS AT 4866.00 (+ 34.75 POINTS). THE DAY HIGH WAS 4898.85 AND LOW WAS 4834.20. WEEKLY HIGH IS AT 4898.85 AND THE WEEKLY LOW IS AT 4695.45.
5DMA=4830
9DMA=4783
14DMA=4743
20DMA=4731
50DMA=4855
100DMA=4936
200DMA=5246
INTRADAY POSITIVE WILL BE ABOVE 4860 AND NEGATIVE WILL BE BELOW 4840. IMMEDIATE INTRADAY SUPPORTS ARE AT 4840, 4820, 4800, 4784, 4770 AND 4750 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4870, 4881, 4894, 4900, 4910 AND 4930 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4770-4910.
5-DAY RSI AT 72 AND 14-DAY RSI AT 56.97 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 4870 FOR TARGET 4900/4930; STOPLOSS BELOW 4860.
SELL NIFTY FUTURE BELOW 4840 FOR TARGET 4820/4800; STOPLOSS ABOVE 4860.
FOR RISKY TRADE: SELL NIFTY FUTURE AROUND 4900 WITH STOPLOSS ABOVE 4911. BUY 4800PE AROUND 40 WITH STOPLOSS BELOW 35/36 FOR A TARGET OF 60.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 23.48 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.
