LAST THURSDAY’S (19.01.2012) CLOSE WAS AT 5018.40 (+ 62.60 POINTS). THE DAY HIGH WAS 5023.80 AND LOW WAS 4991.40. WEEKLY HIGH IS AT 5023.80 AND THE WEEKLY LOW IS AT 4803.90.
5SMA=4936 14SMA=48389SMA=4885 20SMA=4794 50SMA=4826 100SMA=4939 200SMA=5224 |  |
INTRADAY POSITIVE WILL BE ABOVE 5022 AND NEGATIVE WILL BE BELOW 5000. IMMEDIATE INTRADAY SUPPORTS ARE AT 5000, 4990, 4970, 4950 AND 4930 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5020, 5034, 5045 AND 5070 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4950-5070.
5-DAY RSI AT 86 AND 14-DAY RSI AT 66.58 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5025 FOR TARGET 5050/5070; STOPLOSS BELOW 5000.
SELL NIFTY FUTURE BELOW 5000 FOR TARGET 4970/4930; STOPLOSS ABOVE 5025.
FOR RISKY TRADE: WATCH RIL, ITC RESULT. THEY BOTH MAY DRAG THE MARKET.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 21.68 IS INDICATING LESS 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.
