"NIFTY LEVELS FOR THURSDAY (01.03.2012)"

LAST WEDNESDAY’S (29.02.2012) CLOSE WAS AT 5385.20 (+9.70 POINTS). THE DAY HIGH WAS 5458.80 AND LOW WAS 5352.25. WEEKLY HIGH IS AT 5629.95 AND THE WEEKLY LOW IS AT 5268.15.

5SMA=5391                     9SMA=5461                   14SMA=5449                   20SMA=5409                   50SMA=5081                 100SMA=5035                 200SMA=5169

INTRADAY POSITIVE WILL BE ABOVE 5409 AND NEGATIVE WILL BE BELOW 5365. IMMEDIATE INTRADAY SUPPORTS ARE AT 5367, 5352, 5331, 5310 AND 5279 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5400 5427, 5450 AND 5489 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5310-5450. 

5-DAY RSI AT 44.04 AND 14-DAY RSI AT 54.98 INDICATES NIFTY IS IN NEUTRAL ZONE. 

BUY NIFTY FUTURE ABOVE 5409 FOR TARGET 5427/5450; STOPLOSS BELOW 5390.

SELL NIFTY FUTURE BELOW 5390 FOR TARGET 5330/5310; STOPLOSS ABOVE 5409.

FOR RISKY TRADE: WATCH ITC 215CE/220CE

BEST BUY: POWERGRID 115CE AROUND 3 WITH STOPLOSS OF 2 AND HOLD FOR A TARGET OF 7-8 (CALL GIVEN YESTERDAY). 

VIX AT 26.93 (+1.08) IS INDICATING MORE 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.