"NIFTY LEVELS FOR WEDNESDAY (15.02.2012)"

LAST TUESDAY’S (14.02.2012) CLOSE WAS AT 5416.05 (+25.85 POINTS). THE DAY HIGH WAS 5428.05 AND LOW WAS 5377.95. WEEKLY HIGH IS AT 5428.05 AND THE WEEKLY LOW IS AT 5322.95. 

5SMA=5394                    9SMA=5362                  14SMA=5296                  20SMA=5215                  50SMA=4943                100SMA=4980                200SMA=5174

INTRADAY POSITIVE WILL BE ABOVE 5425 AND NEGATIVE WILL BE BELOW 5400. IMMEDIATE INTRADAY SUPPORTS ARE AT 5400, 5370, 5320 AND 5300 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5425, 5440 AND 5460 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5320-5440.  

5-DAY RSI AT 76.29 AND 14-DAY RSI AT 73.24 INDICATES NIFTY IS IN BULLISH ZONE. 

BUY NIFTY FUTURE ABOVE 5425 FOR TARGET 5450; STOPLOSS BELOW 5400.

SELL NIFTY FUTURE BELOW 5400 FOR TARGET 5370/5330; STOPLOSS ABOVE 5420.

FOR RISKY TRADE: WATCH BHARTIAIRTEL 360CE;

VIX AT 22.71 (-1.00) 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.