LAST THURSDAY (16.02.2012) NIFTY CLOSED AT 5521.95 (-10.00 POINTS). THE DAY HIGH WAS 5531.40 AND LOW WAS 5483.75. WEEKLY HIGH IS AT 5531.95 AND THE WEEKLY LOW IS AT 5341.05.
5SMA=5448 9SMA=541314SMA=5346 20SMA=5272 50SMA=4964 100SMA=4990 200SMA=5172 |  |
INTRADAY POSITIVE WILL BE ABOVE 5535 AND NEGATIVE WILL BE BELOW 5500. IMMEDIATE INTRADAY SUPPORTS ARE AT 5500, 5479, 5467, 5450 AND 5431 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5535, 5550, 5570 AND 5600 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5430-5570.
5-DAY RSI AT 83.18 AND 14-DAY RSI AT 76.72 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5550 FOR TARGET 5570/5600; STOPLOSS BELOW 5530.
SELL NIFTY FUTURE BELOW 5510 FOR TARGET 5470/5450; STOPLOSS ABOVE 5530.
FOR RISKY TRADE: WATCH BHARTIAIRTEL 360CE; NIFTY 5500PE;
VIX AT 23.33 (+1.23) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS.
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.
