LAST THURSDAY’S (29.09.2011) CLOSE WAS AT 5015.45 (+ 69.55 POINTS). THE DAY HIGH WAS 5034.25 AND LOW WAS 4906.00. WEEKLY HIGH IS AT 5168.40 AND THE WEEKLY LOW IS AT 4758.85.
5DMA=4927
9DMA=4985
14DMA=4995
20DMA=5019
50DMA=5142
100DMA=5324
200DMA=5501
INTRADAY POSITIVE WILL BE ABOVE 5020 AND NEGATIVE WILL BE BELOW 5000. IMMEDIATE INTRADAY SUPPORTS ARE AT 5000, 4960, 4940 AND 4900 LEVEL. BELOW 4880, EXIT FROM ALL LONGS, IF ANY. IMMEDIATE INTRADAY RESISTANCE ARE AT 5015, 5035 5050, 5085 AND 5110 LEVELS.
5-DAY RSI AT 57 AND 14-DAY RSI AT 49.21 INDICATES NIFTY IS IN CRITICAL NEUTRAL ZONE.
BUY NIFTY FUTURE ABOVE 5035 FOR TARGET 5055/5067/5089; STOPLOSS BELOW 5020.
SELL NIFTY FUTURE BELOW 5000 FOR TARGET 4970/4950/4930; STOPLOSS ABOVE 5024.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 31.07 INDICATING MORE THAN AVERAGE VOLATILITY. A GAP-UP OPENING IS EXPECTED SUBJECT TO ASIAN MARKETS CONDITION.
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.
