LAST MONDAY’S (23.01.2012) CLOSE WAS AT 5046.25 (- 2.35 POINTS). THE DAY HIGH WAS 5059.55 AND LOW WAS 5021.35. WEEKLY HIGH IS AT 5064.15 AND THE WEEKLY LOW IS AT 4904.00.
5SMA=5007 9SMA=4941 14SMA=4879 20SMA=4822 50SMA=4822 100SMA=4944 200SMA=5216 |
INTRADAY POSITIVE WILL BE ABOVE 5050 AND NEGATIVE WILL BE BELOW 5030. IMMEDIATE INTRADAY SUPPORTS ARE AT 5034, 5020, 5000, 4970, 4950 AND 4930 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5054, 5070, 5099 AND 5130 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4970-5110.
5-DAY RSI AT 87 AND 14-DAY RSI AT 67.99 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5055 FOR TARGET 5070/5099; STOPLOSS BELOW 5031.
SELL NIFTY FUTURE BELOW 5030 FOR TARGET 5000/4970; STOPLOSS ABOVE 5050.
FOR RISKY TRADE: WATCH RBI MONETARY POLICY. IT WILL DECIDE THE MARKET TODAY.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 22.14 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.
