LAST MONDAY’S (27.02.2012) CLOSE WAS AT 5281.20 (-148.10 POINTS). THE DAY HIGH WAS 5449.80 AND LOW WAS 5268.15. WEEKLY HIGH IS AT 5629.95 AND THE WEEKLY LOW IS AT 5268.15.
5SMA=5461 9SMA=548214SMA=5445 20SMA=5385 50SMA=5049 100SMA=5023 200SMA=5171 |  |
INTRADAY POSITIVE WILL BE ABOVE 5311 AND NEGATIVE WILL BE BELOW 5265. IMMEDIATE INTRADAY SUPPORTS ARE AT 5267, 5241, 5224, 5201 AND 5185 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5310, 5331, 5352 AND 5377 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5200-5350.
5-DAY RSI AT 22.37 AND 14-DAY RSI AT 48.26 INDICATES NIFTY IS ENTERING BEARISH ZONE.
BUY NIFTY FUTURE ABOVE 5300 FOR TARGET 5330/5350; STOPLOSS BELOW 5280.
SELL NIFTY FUTURE BELOW 5260 FOR TARGET 5240/5220; STOPLOSS ABOVE 5280.
FOR RISKY TRADE: BUY 5600CE AROUND 45 WITH STOPLOSS OF 38 AND HOLD FOR A TARGET OF 70 (SMALL QTY);
BEST BUY: POWERGRID 115CE AROUND 3 WITH STOPLOSS OF 2 AND HOLD FOR A TARGET OF 7-8. IF ANYBODY ENTERED EVEN @5, HOLD WITH STOPLOSS 3.
VIX AT 27.38 (+2.56) 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.
