LAST THURSDAY’S (13.10.2011) CLOSE WAS AT 5077.85 (- 21.55 POINTS). THE DAY HIGH WAS 5136.95 AND LOW WAS 5067.65. WEEKLY HIGH IS AT 5136.95 AND THE WEEKLY LOW IS AT 4728.30.
5DMA=5004
9DMA=4926.16
14DMA=4926.51
20DMA=4968
50DMA=5027
100DMA=5273
200DMA=5455
INTRADAY POSITIVE WILL BE ABOVE 5089 AND NEGATIVE WILL BE BELOW 5055. IMMEDIATE INTRADAY SUPPORTS ARE AT 5067, 5041, 5022 AND 5000 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5089, 5115, 5133, 5150, 5168, 5189 AND 5200 LEVEL. POSITIONAL LONG MAY BE TAKEN ABOVE 5100.
5-DAY RSI AT 69 AND 14-DAY RSI AT 55.09 INDICATES NIFTY IS STILL IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5089 FOR TARGET 5115/5133; STOPLOSS BELOW 5077.
SELL NIFTY FUTURE BELOW 5067 FOR TARGET 5045/5024; STOPLOSS ABOVE 5077.
FOR RISKY TRADE: BUY NIFTY 5000PE AROUND 60 WITH STOPLOSS AT 52 FOR TARGET OF 75-80 AND/OR BUY NIFTY 5100CE AROUND 90 WITH STOPLOSS 80 FOR TARGET OF 112-115. WATCH RIL MOVEMENT.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 5-10 POINTS. VIX AT 28.24 IS STILL INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.
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.
