LAST MONDAY’S (13.02.2012) CLOSE WAS AT 5390.20 (+8.60 POINTS). THE DAY HIGH WAS 5421.05 AND LOW WAS 5351.40. WEEKLY HIGH IS AT 5427.75 AND THE WEEKLY LOW IS AT 5322.95.
5SMA=5377 9SMA=534214SMA=5276 20SMA=5188 50SMA=4935 100SMA=4978 200SMA=5176 |  |
INTRADAY POSITIVE WILL BE ABOVE 5400 AND NEGATIVE WILL BE BELOW 5370. IMMEDIATE INTRADAY SUPPORTS ARE AT 5350, 5320 AND 5300 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5400, 5430 AND 5450 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5320-5420.
5-DAY RSI AT 71.88 AND 14-DAY RSI AT 71.99 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5425 FOR TARGET 5450; STOPLOSS BELOW 5400.
SELL NIFTY FUTURE BELOW 5370 FOR TARGET 5330; STOPLOSS ABOVE 5400.
FOR RISKY TRADE: AVOID INTRADAY TRADING FOR THE TIME BEING.
VIX AT 23.71 (-0.12) 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.
