"NIFTY LEVELS FOR MONDAY (05.03.2012)"

LAST SATURDAY’S (03.03.2012 – A SPECIAL TRADING SESSION) CLOSE WAS AT 5359.40 (+0.05 POINTS). THE DAY HIGH WAS 5369.60 AND LOW WAS 5353.40. WEEKLY HIGH IS AT 5521.40 AND THE WEEKLY LOW IS AT 5268.15.

5SMA=5348                      9SMA=5418                    14SMA=5442                    20SMA=5419                    50SMA=5107                  100SMA=5045                  200SMA=5167

5-DAY RSI AT 42.03 AND 14-DAY RSI AT 52.95 INDICATES NIFTY IS IN NEUTRAL ZONE. 

INTRADAY POSITIVE WILL BE ABOVE 5367 AND NEGATIVE WILL BE BELOW 5350. IMMEDIATE INTRADAY SUPPORTS ARE AT 5350, 5331, 5301, 5270 AND 5250 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5367, 5377, 5389, 5404 AND 5420 LEVEL. ABOVE 5420, RESISTANCE WILL BE AROUND 5450 AND 5470. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5250-5420.

BUY NIFTY FUTURE ABOVE 5370 FOR TARGET 5390/5420; STOPLOSS BELOW 5350.

SELL NIFTY FUTURE BELOW 5350 FOR TARGET 5330/5310; STOPLOSS ABOVE 5370.

FOR RISKY TRADE: BUY 5500CE AROUND 99 WITH STRICT STOPLOSS OF 84 AND HOLD FOR A TARGET OF 140 (SMALL QTY); WATCH FOR BAJAJHIND 35CE. 

BEST BUY: POWERGRID 115CE AROUND 3 WITH STOPLOSS OF 2 AND HOLD FOR A TARGET OF 7-8 (CALL GIVEN ON 29TH FEB.). 

VIX AT 28.20 (+0.36) 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.