NIFTY LEVELS FOR TUESDAY (10.04.2012)

LAST MONDAY’S (09.04.2012) CLOSE WAS AT 5234.40 (-88.50 POINTS). THE DAY HIGH WAS 5287.90 AND LOW WAS 5228.00. WEEKLY HIGH IS AT 5331.55 (LAST MONDAY-02.04.12) AND THE WEEKLY LOW IS AT 5135.95 (LAST THURSDAY-29.03.12).

5SMA=5306                       9SMA=5259                     14SMA=5267                     20SMA=5234                     50SMA=5333                   100SMA=5234                   200SMA=5146

5-DAY RSI AT 40.19, 9-DAY RSI AT 44.30 AND 14-DAY RSI AT 46.18 INDICATES NIFTY IS NEAR BEARISH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5250 AND NEGATIVE WILL BE BELOW 5224. IMMEDIATE INTRADAY SUPPORTS ARE AT 5224, 5210, 5200, 5177 AND 5151 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5250, 5267, 5276, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5180-5289. 

VIX AT 22.23 (+1.70)  IS INDICATING AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5250 FOR TARGET 5270/5290; STOPLOSS BELOW 5224.

SELL NIFTY FUTURE BELOW 5224 FOR TARGET 5200/5151; STOPLOSS ABOVE 5250.

FOR RISKY TRADE:  BUY 5900CE AROUND/ABOVE 1 AND HOLD TILL EXPIRY. RISKY TRADER MAY BUY 5200CE @120-122 WITH STOPLOSS OF 110 FOR TARGET OF 170 AND 200.

BEST BUY: AS PER OUR CALL, WE ARE STILL HOLDING ITC (230CE); EXITED JPASSOCIATES (80CE) AND RIL (740CE) ON LAST WEDNESDAY WITH HUGE PROFIT.

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.