"NIFTY LEVELS FOR FRIDAY (03.02.2012)"

LAST THURSDAY’S (02.02.2012) CLOSE WAS AT 5269.90 (+36.45 POINTS). THE DAY HIGH WAS 5289.95 AND LOW WAS 5225.75. WEEKLY HIGH IS AT 5289.95 AND THE WEEKLY LOW IS AT 5159.00. 

5SMA=5199                    9SMA=5153                  14SMA=5076                  20SMA=4992                  50SMA=4863                100SMA=4953                200SMA=5192

INTRADAY POSITIVE WILL BE ABOVE 5289 AND NEGATIVE WILL BE BELOW 5250. IMMEDIATE INTRADAY SUPPORTS ARE AT 5250, 5224, 5200, 5177, 5155 AND 5131 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5289, 5300 AND 5330 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5200-5330.

5-DAY RSI AT 77 AND 14-DAY RSI AT 71.34 INDICATES NIFTY IS IN BULLISH ZONE.

BUY NIFTY FUTURE ABOVE 5289 FOR TARGET 5300/5320; STOPLOSS BELOW 5269.

SELL NIFTY FUTURE BELOW 5250 FOR TARGET 5224/5200; STOPLOSS ABOVE 5269.

FOR RISKY TRADE: WATCH CAIRN 440CE AND RIL 860CE.

ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 23.69 (+0.80) 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.