"NIFTY LEVELS FOR SATURDAY (03.03.2012)"

A SPECIAL TRADING SESSION WILL BE HELD ON TODAY FROM 11.15 AM TO 12.45 PM. LAST FRIDAY’S (02.03.2012) CLOSE WAS AT 5359.35 (+19.60 POINTS). THE DAY HIGH WAS 5392.55 AND LOW WAS 5315.05. 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 5361 AND NEGATIVE WILL BE BELOW 5325. IMMEDIATE INTRADAY SUPPORTS ARE AT 5331, 5301, 5270, 5250 AND 5224 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5367, 5377, 5389, 5404 AND 5420 LEVEL. 

NO RECOMMEND FOR TODAY.

FOR RISKY TRADE: WILL BE GIVEN ON MONDAY

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 27.84 (+0.17) 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.