LAST TUESDAY’S (06.03.2012) CLOSE WAS AT 5222.40 (-57.95 POINTS). THE DAY HIGH WAS 5382.05 AND LOW WAS 5206.40. WEEKLY HIGH IS AT 5458.80 AND THE WEEKLY LOW IS AT 5206.40.
5SMA=5312 9SMA=533714SMA=5408 20SMA=5411 50SMA=5139 100SMA=5053 200SMA=5165 |  |
INTRADAY POSITIVE WILL BE ABOVE 5241 AND NEGATIVE WILL BE BELOW 5210. IMMEDIATE INTRADAY SUPPORTS ARE AT 5210, 5200 AND 5171 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5227, 5250, 5268, 5289, 5300 AND 5331 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5170-5300. VIX AT 27.34 (-1.58) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5268 FOR TARGET 5300/5330; STOPLOSS BELOW 5241.
SELL NIFTY FUTURE BELOW 5241 FOR TARGET 5210/5170; STOPLOSS ABOVE 5268.
FOR RISKY TRADE: GO LONG FROM 5200 WITH ABILITY TO ADD MORE AT 5170 WITH STOPLOSS OF 5150
BEST BUY: POWERGRID 115CE AROUND 3 WITH STOPLOSS OF 2 AND HOLD FOR A TARGET OF 7-8 (CALL GIVEN ON 29TH FEB.).
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.
