LAST TUESDAY’S (17.01.2012) CLOSE WAS AT 4967.30 (+ 93.40 POINTS). THE DAY HIGH WAS 4975.55 AND LOW WAS 4904.00. WEEKLY HIGH IS AT 4967.30 AND THE WEEKLY LOW IS AT 4803.90.
5DMA=4880 9DMA=483314DMA=4787 20DMA=4765 50DMA=4842 100DMA=4939 200DMA=5240 |  |
INTRADAY POSITIVE WILL BE ABOVE 5110 AND NEGATIVE WILL BE BELOW 5067. IMMEDIATE INTRADAY SUPPORTS ARE AT 5067, 5055, 5020 AND 4976 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5110, 5131, 5150 AND 5177 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5020-5177.
5-DAY RSI AT 55 AND 14-DAY RSI AT 62.46 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5110 FOR TARGET 5131/5150; STOPLOSS BELOW 5100.
SELL NIFTY FUTURE BELOW 5089 FOR TARGET 5055/5020; STOPLOSS ABOVE 5100.
FOR RISKY TRADE:
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 23.46 IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 23.46 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.
