LAST TUESDAY’S (20.09.2011) CLOSE WAS AT 5140.20 (+ 108.25 POINTS). THE DAY HIGH WAS 5149.90 AND LOW WAS 5035.25. WEEKLY HIGH IS AT 5149.90 AND THE WEEKLY LOW IS AT 4911.05.
5DMA=5069
9DMA=5050
14DMA=5049
20DMA=4997
50DMA=5231
100DMA=5368
200DMA=5535
INTRADAY POSITIVE WILL BE ABOVE 5180 AND NEGATIVE WILL BE BELOW 5124. IMMEDIATE INTRADAY SUPPORTS ARE AT 5124, 5111, 5100, 5089 AND 5067 LEVEL. IMMEDIATE INTRADAY RESISTANCE ARE AT 5177, 5190, 5200, 5213 AND 5229 LEVEL.
5-DAY RSI AT 67 AND 14-DAY RSI AT 53.75 INDICATES NIFTY IS NEAR BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5180 FOR TARGET 5200/5230; STOPLOSS BELOW 5165.
SELL NIFTY FUTURE BELOW 5110 FOR TARGET 5088/5067; STOPLOSS ABOVE 5125.
BUY 5100 OR 5200 PE AROUND 5177/5180 LEVEL (NIFTY SPOT) WITH STRICT STOPLOSS OF 5200 (WILL MONITOR THIS OPTION IN THE OTHER BLOG)
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 27.25 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.
