"NIFTY LEVELS FOR FRIDAY (20.04.2012)"

LAST THURSDAY’S (19.04.2012) CLOSE WAS AT 5332.40 (+32.40 POINTS). THE DAY HIGH WAS 5342.45 AND LOW WAS 5291.30. WEEKLY HIGH IS AT 5342.45 AND THE WEEKLY LOW IS AT 5183.50

5SMA=5271                       9SMA=5260                     14SMA=5272                     20SMA=5332                     50SMA=5338                   100SMA=5112                   200SMA=5140

5-DAY RSI AT 67.42, 9-DAY RSI AT 57.77 AND 14-DAY RSI AT 54.15 INDICATES NIFTY IS IN NEUTRAL ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5342/5350 AND NEGATIVE WILL BE BELOW 5310. IMMEDIATE INTRADAY SUPPORTS ARE AT 5310, 5300, 5289, 5278, 5267 AND 5250 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5342, 5350, 5364 AND 5384 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5250-5350.

VIX AT 19.35 (-0.68) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5350 FOR TARGET 5380/5400; STOPLOSS BELOW 5340 (FOR RISK TAKER- 5331).

SELL NIFTY FUTURE BELOW 5330 FOR TARGET 5310/5190; STOPLOSS ABOVE 5340 (FOR RISK TAKER- 5350).

FOR RISKY TRADE:  WATCH INFY 2400 AND 2450CE; RIL 740CE AND JPASSOCIATES 80CE;

BEST BUY: WILL BE LONG IN NIFTY FUTURE IF NIFTY SPOT CROSS 5345 LEVEL AND STAY ABOVE IT FOR 15-20 MINUTES.

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.