LAST TUESDAY’S (31.01.2012) CLOSE WAS AT 5199.25 (+111.95 POINTS). THE DAY HIGH WAS 5215.40 AND LOW WAS 5120.15. WEEKLY HIGH IS AT 5217.00 AND THE WEEKLY LOW IS AT 5049.80.
5SMA=5155 9SMA=509414SMA=5018 20SMA=4942 50SMA=4843 100SMA=4951 200SMA=5198 |  |
INTRADAY POSITIVE WILL BE ABOVE 5224 AND NEGATIVE WILL BE BELOW 5190. IMMEDIATE INTRADAY SUPPORTS ARE AT 5177, 5155, 5131 AND 5110 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5224, 5250 AND 5289 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5131-5220.
5-DAY RSI AT 70 AND 14-DAY RSI AT 68.23 INDICATES NIFTY IS IN BULLISH ZONE.
BUY NIFTY FUTURE ABOVE 5225 FOR TARGET 5240/5260; STOPLOSS BELOW 5210.
SELL NIFTY FUTURE BELOW 5190 FOR TARGET 5170/5150; STOPLOSS ABOVE 5210.
FOR RISKY TRADE:
ALL LEVELS ARE NIFTY SPOT LEVEL. ONE MAY PLACE A FILTER OF (+/-) 10-15 POINTS. VIX AT 22.66 (-0.80) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.
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.
