"NIFTY LEVELS FOR TUESDAY (27.03.2012)"

LAST MONDAY’S (26.03.2012) CLOSE WAS AT 5184.25 (-93.95 POINTS). THE DAY HIGH WAS 5274.95 AND LOW WAS 5174.90. WEEKLY HIGH IS AT 5385.95 AND THE WEEKLY LOW IS AT 5174.90.

5SMA=5266                       9SMA=5306                     14SMA=5308                     20SMA=5321                     50SMA=5288                   100SMA=5073                   200SMA=5154

5-DAY RSI AT 33.48, 9-DAY RSI AT 38.34 AND 14-DAY RSI AT 42.28 INDICATES NIFTY IS ENTERING BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5200 AND NEGATIVE WILL BE BELOW 5170. IMMEDIATE INTRADAY SUPPORTS ARE AT 5170, 5150 AND 5100 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5227, 5250, 5267 AND 5290 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5190-5270.
VIX AT 26.74 (+3.40) IS INDICATING MORE THAN 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.

FOR RISKY TRADE:  BUY 5200CE BETWEEN 52-55 FOR TARGET OF 75-80 WITH STOPLOSS OF 48

BEST BUY: WATCH FOR ITC (230CE), JPASSOCIATES (80CE) AND 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.