LAST MONDAY’S (16.01.2012) CLOSE WAS AT 4873.90 (+ 7.90 POINTS). THE DAY HIGH WAS 4880.80 AND LOW WAS 4827.05. WEEKLY HIGH IS AT 4898.85 AND THE WEEKLY LOW IS AT 4695.45.
5DMA=4856
9DMA=4808
14DMA=4704
20DMA=4744
50DMA=4849
100DMA=4937
200DMA=5243
INTRADAY POSITIVE WILL BE ABOVE 4881 AND NEGATIVE WILL BE BELOW 4860. IMMEDIATE INTRADAY SUPPORTS ARE AT 4865, 4840, 4824, 4800, 4784, 4770 AND 4750 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4881, 4894, 4900, 4910 AND 4930 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4800-4910.
5-DAY RSI AT 74 AND 14-DAY RSI AT 57.57 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 4880 FOR TARGET 4900/4930; STOPLOSS BELOW 4865.
SELL NIFTY FUTURE BELOW 4865 FOR TARGET 4840/4824; STOPLOSS ABOVE 4880.
FOR RISKY TRADE: GO LONG ON POSITIONAL BASIS IN NIFTY FUTURE IF IT CROSSED 4911/4931 WITH STOPLOSS BELOW 4890 FOR TARGET 5000; WATCH SBIN 1800CE, INFY 2600CE AND ABAN 420CE.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 24.07 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.
