NIFTY LEVELS FOR MONDAY (16.04.2012)

LAST FRIDAY’S (13.04.2012) CLOSE WAS AT 5207.45 (-69.40 POINTS). THE DAY HIGH WAS 5306.75 AND LOW WAS 5185.40. WEEKLY HIGH IS AT 5338.40 AND THE WEEKLY LOW IS AT 5185.40 

5SMA=5238                      9SMA=5276                    14SMA=5255                    20SMA=5207                    50SMA=5339                  100SMA=5207                  200SMA=5145

5-DAY RSI AT 37.97, 9-DAY RSI AT 42.53 AND 14-DAY RSI AT 44.86 INDICATES NIFTY IS IN NEUTRAL ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5210 AND NEGATIVE WILL BE BELOW 5190. IMMEDIATE INTRADAY SUPPORTS ARE AT 5200, 5189, 5177, 5170 AND 5151 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5210, 5224, 5233, 5241, 5250, 5267, 5278, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5150-5290. 

VIX AT 22.75 (+0.97)  IS INDICATING OPTIMUM VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5210 FOR TARGET 5227/5240; STOPLOSS BELOW 5200.

SELL NIFTY FUTURE BELOW 5189 FOR TARGET 5170/5150; STOPLOSS ABOVE 5200.

FOR RISKY TRADE:  WATCH SBI, RELIANCE AND SURELY FOR INFY ON LONG SIDE. WILL TAKE POSITION TOMORROW (MAYBE FIRST HALF OR AFTER RBI POLICY ANNOUNCEMENT).

BEST BUY: AS PER OUR CALL, WE ARE NOT HOLDING ANYTHING.  EXITED 5200 CE (1ST HALF OF FRIDAY @160), RIL 740CE, JPASSOCIATES 80CE EARLIER WITH HUGE PROFIT.... MINIMAL LOSS FOR 5900CE...

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.