"NIFTY LEVELS FOR THURSDAY (16.02.2012)"

LAST WEDNESDAY (15.02.2012) NIFTY CLOSED AT 5531.95 (+115.90 POINTS). THE DAY HIGH WAS 5542.10 AND LOW WAS 5460.60. WEEKLY HIGH IS AT 5531.95 AND THE WEEKLY LOW IS AT 5338.90. 

5SMA=5426                    9SMA=5391                  14SMA=5323                  20SMA=5244                  50SMA=4952                100SMA=4984                200SMA=5173

INTRADAY POSITIVE WILL BE ABOVE 5550 AND NEGATIVE WILL BE BELOW 5524. IMMEDIATE INTRADAY SUPPORTS ARE AT 5524, 5500, 5479, 5467, 5450 AND 5431 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5550, 5570 AND 5600 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5450-5600.  

5-DAY RSI AT 87.37 AND 14-DAY RSI AT 77.99 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 22.10 (-0.61) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

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

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.