"NIFTY LEVELS FOR TUESDAY (24.04.2012)"

LAST MONDAY’S (23.04.2012) CLOSE WAS AT 5200.60 (-90.25 POINTS). THE DAY HIGH WAS 5310.55 AND LOW WAS 5187.15. WEEKLY HIGH IS AT 5342.45 AND THE WEEKLY LOW IS AT 5187.15

5SMA=5283                      9SMA=5261                    14SMA=5273                    20SMA=5201                    50SMA=5330                  100SMA=5171                  200SMA=5137

5-DAY RSI AT 33.57, 9-DAY RSI AT 41.06 AND 14-DAY RSI AT 44.20 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5210 AND NEGATIVE WILL BE BELOW 5200. IMMEDIATE INTRADAY SUPPORTS ARE AT 5177, 5155 AND 5131 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5227, 5241, 5267, 5278, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5130-5260.

VIX AT 21.57 (+1.48) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5210 FOR TARGET 5250/5267; STOPLOSS BELOW 5200 (FOR RISK TAKER- 5190).

SELL NIFTY FUTURE BELOW 5200 FOR TARGET 5177/5150; STOPLOSS ABOVE 5210 (FOR RISK TAKER- 5221).

FOR RISKY TRADE:  WATCH 5200/5300 CE;

BEST BUY: AVOID INTRADAY TRADING TILL EXPIRY.

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.