NIFTY LEVELS FOR MONDAY (09.04.2012)

LAST WEDNESDAY’S (04.04.2012) CLOSE WAS AT 5322.90 (-35.60 POINTS). THE DAY HIGH WAS 5331.55 AND LOW WAS 5278.80. 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=5295                       9SMA=5264                     14SMA=5273                     20SMA=5323                     50SMA=5330                   100SMA=5323                   200SMA=5147

5-DAY RSI AT 57.45, 9-DAY RSI AT 53.14 AND 14-DAY RSI AT 51.82 INDICATES NIFTY IS IN BULLSH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5331 AND NEGATIVE WILL BE BELOW 5310. IMMEDIATE INTRADAY SUPPORTS ARE AT 5310, 5302, 5289, 5278 AND 5267 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5324, 5331, 5340, 5364 AND 5384 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5250-5389.

VIX AT 20.63 (+0.62)  IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5330 FOR TARGET 5350/5384; STOPLOSS BELOW 5310.

SELL NIFTY FUTURE BELOW 5310 FOR TARGET 5278/5267; STOPLOSS ABOVE 5330.

FOR RISKY TRADE:  BUY 5900CE AROUND 2 AND HOLD TILL EXPIRY OR FOR TARGET OF MORE THAN 5. THOSE WHO WISHES TO PLACE STOPLOSS FOR THIS NOMINAL AMOUNT MAY PLACE AT 1.

BEST BUY: AS PER OUR CALL, WE ARE HOLDING ITC (230CE); EXITED JPASSOCIATES (80CE) AND RIL (740CE) 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.