NIFTY LEVELS FOR FRIDAY (13.04.2012)

LAST THURSDAY’S (12.04.2012) CLOSE WAS AT 5276.85 (+50.00 POINTS). THE DAY HIGH WAS 5287.80 AND LOW WAS 5246.75. WEEKLY HIGH IS AT 5378.75 AND THE WEEKLY LOW IS AT 5190.80 

5SMA=5261                        9SMA=5273                      14SMA=5256                      20SMA=5277                      50SMA=5339                    100SMA=5277                    200SMA=5146

5-DAY RSI AT 52.93, 9-DAY RSI AT 49.98 AND 14-DAY RSI AT 49.49 INDICATES NIFTY IS IN NEUTRAL ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5290 AND NEGATIVE WILL BE BELOW 5267. IMMEDIATE INTRADAY SUPPORTS ARE AT 5274, 5267, 5250, 5224, 5210, 5200 AND 5189 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5289, 5300, 5311, 5331 AND 5350 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5210-5331. THIS MAY TOTALLY BE CHANGED DEPENDS ON INFOSYS GUIDANCE/RESULTS.

VIX AT 21.78 (-0.51)  IS INDICATING AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5280 FOR TARGET 5330; STOPLOSS BELOW 5267.

SELL NIFTY FUTURE BELOW 5267 FOR TARGET 5224; STOPLOSS ABOVE 5276.

FOR RISKY TRADE:  WATCH SBI, BHEL AND RELIANCE

BEST BUY: AS PER OUR CALL, WE ARE STILL HOLDING 5200CE (WITH GOOD PROFIT; PROBABLY WE WILL EXIT TODAY AROUND 165-170); EXITED ITC (230CE) YESTERDAY WITH A GOOD PROFIT AT 234 AND EXITED EARLIER JPASSOCIATES (80CE) AT 88 AND RIL (740CE) AT 761 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.