LAST TUESDAY’S (28.02.2012) CLOSE WAS AT 5375.50 (+94.30 POINTS). THE DAY HIGH WAS 5391.10 AND LOW WAS 5306.45. WEEKLY HIGH IS AT 5629.95 AND THE WEEKLY LOW IS AT 5268.15.
5SMA=5415 9SMA=547814SMA=5448 20SMA=5400 50SMA=5065 100SMA=5028 200SMA=5170 |  |
INTRADAY POSITIVE WILL BE ABOVE 5402 AND NEGATIVE WILL BE BELOW 5367. IMMEDIATE INTRADAY SUPPORTS ARE AT 5367, 5352, 5331, 5310 AND 5279 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5402, 5427, 5450 AND 5489 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5310-5450.
5-DAY RSI AT 42.20 AND 14-DAY RSI AT 54.39 INDICATES NIFTY IS IN NEUTRAL ZONE.
BUY NIFTY FUTURE ABOVE 5400 FOR TARGET 5427/5450; STOPLOSS BELOW 5380.
SELL NIFTY FUTURE BELOW 5370 FOR TARGET 5330/5310; STOPLOSS ABOVE 5390.
FOR RISKY TRADE: WATCH ITC 220CE
BEST BUY: POWERGRID 115CE AROUND 3 WITH STOPLOSS OF 2 AND HOLD FOR A TARGET OF 7-8.
VIX AT 25.85 (-1.53) IS INDICATING 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.
