LAST TUESDAY’S (27.03.2012) CLOSE WAS AT 5243.15 (+58.90 POINTS). THE DAY HIGH WAS 5277.95 AND LOW WAS 5184.65. WEEKLY HIGH IS AT 5385.95 AND THE WEEKLY LOW IS AT 5174.90.
5SMA=5260 9SMA=528114SMA=5310 20SMA=5314 50SMA=5295 100SMA=5073 200SMA=5153 |  |
5-DAY RSI AT 44.53, 9-DAY RSI AT 44.50 AND 14-DAY RSI AT 46.25 INDICATES NIFTY IS IN BEARISH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5250 AND NEGATIVE WILL BE BELOW 5227. IMMEDIATE INTRADAY SUPPORTS ARE AT 5227, 5210 AND 5189 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5250, 5267, 5295, 5310 AND 5340 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5190-5300.VIX AT 25.05 (-0.69) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5250 FOR TARGET 5270/5290; STOPLOSS BELOW 5227.
SELL NIFTY FUTURE BELOW 5224 FOR TARGET 5200/5177; STOPLOSS ABOVE 5250.
FOR RISKY TRADE: BUY RIL 740CE BETWEEN 22-24 FOR TARGET OF 35-50 WITH STOPLOSS OF 18
BEST BUY: WATCH FOR BHARATIAIRTEL (340CE)
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.
