LAST MONDAY’S (19.09.2011) CLOSE WAS AT 5031.95 (- 52.30 POINTS). THE DAY HIGH WAS 5068.40 AND LOW WAS 5019.25. WEEKLY HIGH IS AT 5143.60 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5029
9DMA=5048
14DMA=5034
20DMA=4982
50DMA=5243
100DMA=5375
200DMA=5540
INTRADAY POSITIVE WILL BE ABOVE 5067 AND NEGATIVE WILL BE BELOW 5020. IMMEDIATE INTRADAY SUPPORTS ARE AT 5031, 5020, 5011 AND 4993 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5041, 5055, 5067, 5089 AND 5115 LEVEL.
5-DAY RSI AT 49 AND 14-DAY RSI AT 47.14 INDICATES NIFTY IS NEAR BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5041 FOR TARGET 5065/5090/5104; STOPLOSS BELOW 5030.
SELL NIFTY FUTURE BELOW 5021 FOR TARGET 5000/4993/4979; STOPLOSS ABOVE 5031.
(*NOT TRACKING BANKNIFTY FOR THE TIME BEING)
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 29.60 INDICATING MORE THAN AVERAGE VOLATILITY.
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.
