"NIFTY LEVELS FOR FRIDAY (27.04.2012)"

LAST THURSDAY’S (26.04.2012) CLOSE WAS AT 5189.00 (-13.00 POINTS). THE DAY HIGH WAS 5215.60 AND LOW WAS 5179.05. WEEKLY HIGH IS AT 5336.15 AND THE WEEKLY LOW IS AT 5160.65

5SMA=5221                       9SMA=5250                     14SMA=5246                     20SMA=5256                     50SMA=5322                   100SMA=5128                   200SMA=5130

5-DAY RSI AT 33.26, 9-DAY RSI AT 40.33 AND 14-DAY RSI AT 43.61 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5200 AND NEGATIVE WILL BE BELOW 5200. IMMEDIATE INTRADAY SUPPORTS ARE AT 5189, 5170, 5150, 5133 AND 5120 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5200, 5210, 5227, 5241 AND 5267 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5150-5260.

VIX AT 18.74 (-0.20) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

AVOID INTRADAY TRADING TODAY BEING THE LAST DAY OF WEEK.

FOR RISKY TRADE: WATCH NIFTY 5200 AND 5300 CE OR RIL 740CE. 

BEST BUY: GO LONG IN NIFTY FUTURE AROUND 5150 WITH STOPLOSS OF 5133 FOR TARGET OF 5200/5260 (TIME PERIOD - ONE WEEK)

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.