LAST THURSDAY’S (08.09.2011) CLOSE WAS AT 5153.25 (+ 28.60 POINTS). THE DAY HIGH WAS 5169.25 AND LOW WAS 5098.25. WEEKLY HIGH IS AT 5169.25 AND THE WEEKLY LOW IS AT 4942.90.
5DMA=5080
9DMA=4990
14DMA=4960
20DMA=4999
50DMA=5327
100DMA=5431
200DMA=5569
INTRADAY POSITIVE WILL BE ABOVE 5177 AND NEGATIVE WILL BE BELOW 5134. IMMEDIATE INTRADAY SUPPORTS ARE AT 5114, 5089, 5067 AND 5055 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5177, 5200 AND 5224 LEVEL.
5-DAY RSI AT 75 AND 14-DAY RSI AT 52.81 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5177 FOR TARGET 5200/5220; STOPLOSS BELOW 5150.
SELL NIFTY FUTURE BELOW 5134 FOR TARGET OF 5110/5089; STOPLOSS ABOVE 5150.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX AT 27.64 INDICATING MORE THAN AVERAGE VOLATILITY. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS.
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.
