"NIFTY LEVELS FOR MONDAY (27.02.2012)"

LAST FRIDAY’S (24.02.2012) CLOSE WAS AT 5429.30 (-54.00 POINTS). THE DAY HIGH WAS 5521.40 AND LOW WAS 5405.90. WEEKLY HIGH IS AT 5629.95 AND THE WEEKLY LOW IS AT 5405.90.

5SMA=5518                    9SMA=5494                  14SMA=5451                  20SMA=5382                  50SMA=5037                100SMA=5020                200SMA=5172

INTRADAY POSITIVE WILL BE ABOVE 5450 AND NEGATIVE WILL BE BELOW 5400. IMMEDIATE INTRADAY SUPPORTS ARE AT 5410, 5400, 5370 AND 5350 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5450, 5470, 5489 AND 5500 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5350-5500.  

5-DAY RSI AT 39.32 AND 14-DAY RSI AT 60.03 INDICATES NIFTY IS IN BULLISH ZONE. 

BUY NIFTY FUTURE ABOVE 5450 FOR TARGET 5480/5500; STOPLOSS BELOW 5430.

SELL NIFTY FUTURE BELOW 5430 FOR TARGET 5410/5380; STOPLOSS ABOVE 5450

FOR RISKY TRADE: BUY 6000CE AROUND 12 WITH STOPLOSS OF 10 AND HOLD FOR A TARGET OF 30; WATCH UNITECH 30PE AND ITC 220CE.

BEST BUY: POWERGRID 115CE AROUND 5 WITH STOPLOSS OF 3 AND HOLD FOR A TARGET OF 12.

VIX AT 24.82 (+0.49) IS INDICATING 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.