LAST WEDNESDAY’S (07.09.2011) CLOSE WAS AT 5124.65 (+ 60.35 POINTS). THE DAY HIGH WAS 5154.50 AND LOW WAS 5076.30. WEEKLY HIGH IS AT 5154.50 AND THE WEEKLY LOW IS AT 4720.00.
5DMA=5049
14DMA=4952
20DMA=4997
50DMA=5334
200DMA=5573
INTRADAY POSITIVE WILL BE ABOVE 5150 AND NEGATIVE WILL BE BELOW 5089. IMMEDIATE INTRADAY SUPPORTS ARE AT 5100, 5089, 5067 AND 5055 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5150, 5177 AND 5200 LEVEL.
5-DAY RSI AT 72 AND 14-DAY RSI AT 51 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5125 FOR TARGET 5150/5175; STOPLOSS BELOW 5100.
SELL NIFTY FUTURE BELOW 5089 FOR TARGET OF 5067/5055; STOPLOSS ABOVE 5100.
ALL LEVELS ARE NIFTY SPOT LEVEL. VIX AT 27.86 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.
