LAST FRIDAY’S (23.03.2012) CLOSE WAS AT 5278.20 (+49.75 POINTS). THE DAY HIGH WAS 5312.00 AND LOW WAS 5220.00. WEEKLY HIGH IS AT 5385.95 AND THE WEEKLY LOW IS AT 5205.65.
5SMA=5281 9SMA=533314SMA=5315 20SMA=5326 50SMA=5281 100SMA=5074 200SMA=5156 |  |
5-DAY RSI AT 44.88, 9-DAY RSI AT 45.50 AND 14-DAY RSI AT 47.47 INDICATES NIFTY IS IN BEARISH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5280 AND NEGATIVE WILL BE BELOW 5250. IMMEDIATE INTRADAY SUPPORTS ARE AT 5250, 5227 AND 5203 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5295, 5310, 5324, AND 5340 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5200-5340.VIX AT 25.47 (-0.86) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5280 FOR TARGET 5310/5340; STOPLOSS BELOW 5267.
SELL NIFTY FUTURE BELOW 5267 FOR TARGET 5240/5210; STOPLOSS ABOVE 5280.
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.
