LAST TUESDAY’S (10.01.2012) CLOSE WAS AT 4849.55 (+ 106.75 POINTS). THE DAY HIGH WAS 4855.90 AND LOW WAS 4768.25. WEEKLY HIGH IS AT 4855.90 AND THE WEEKLY LOW IS AT 4695.45.
5DMA=4769
9DMA=4735
14DMA=4729
20DMA=4711
50DMA=4877
100DMA=4941
200DMA=5255
INTRADAY POSITIVE WILL BE ABOVE 4860 AND NEGATIVE WILL BE BELOW 4840. IMMEDIATE INTRADAY SUPPORTS ARE AT 4840, 4818, 4800, 4784, 4767 AND 4750 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4860, 4881, 4994 AND 4900 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4760-4920.
5-DAY RSI AT 78 AND 14-DAY RSI AT 56.31 INDICATES NIFTY IS ENTERING INTO BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 4860 FOR TARGET 4890/4910; STOPLOSS BELOW 4840.
SELL NIFTY FUTURE BELOW 4840 FOR TARGET 4820/4800/4784; STOPLOSS ABOVE 4850.
FOR RISKY TRADE: BUY INFY 2800PE AROUND 55-56 WITH STOPLOSS OF 42 AND HOLD TILL 12TH JAN., 2012. TGT=75 & 90
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 24.00 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.
