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=4833 14DMA=4787 20DMA=476550DMA=4842 100DMA=4939 200DMA=5240 |  |
INTRADAY POSITIVE WILL BE ABOVE 4977 AND NEGATIVE WILL BE BELOW 4950. IMMEDIATE INTRADAY SUPPORTS ARE AT 4950, 4930, 4911, 4900 AND 4890 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4990, 5000 AND 5020 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4900-5020.
5-DAY RSI AT 85 AND 14-DAY RSI AT 63.99 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 4974 FOR TARGET 5000/5020; STOPLOSS BELOW 4954.
SELL NIFTY FUTURE BELOW 4950 FOR TARGET 4930/4910; STOPLOSS ABOVE 4970.
FOR RISKY TRADE: GO SHORT IN NIFTY FUTURE IF IT BREACHED 4940 WITH STRICT STOPLOSS ABOVE 4955 FOR TARGET 4890; div>
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 22.61 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 22.61 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.
