"NIFTY LEVELS FOR MONDAY (23.04.2012)"

LAST FRIDAY’S (20.04.2012) CLOSE WAS AT 5290.85 (-41.55 POINTS). THE DAY HIGH WAS 5336.15 AND LOW WAS 5245.45. WEEKLY HIGH IS AT 5342.45 AND THE WEEKLY LOW IS AT 5183.50

5SMA=5288                      9SMA=5266                    14SMA=5280                    20SMA=5291                    50SMA=5337                  100SMA=5110                  200SMA=5139

5-DAY RSI AT 53.03, 9-DAY RSI AT 51.66 AND 14-DAY RSI AT 50.73 INDICATES NIFTY IS IN NEUTRAL ZONE.   INTRADAY POSITIVE WILL BE ABOVE 5300 AND NEGATIVE WILL BE BELOW 5289. IMMEDIATE INTRADAY SUPPORTS ARE AT 5289, 5278, 5267, 5250 AND 5227 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5300, 5310, 5342, 5350, 5364 AND 5384 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5220-5360.
VIX AT 20.09 (+0.74) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5300 FOR TARGET 5330/5340; STOPLOSS BELOW 5289 (FOR RISK TAKER- 5267).
SELL NIFTY FUTURE BELOW 5289 FOR TARGET 5267/5250; STOPLOSS ABOVE 5300 (FOR RISK TAKER- 5310).
FOR RISKY TRADE:  WATCH 5200/5300 CE;
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.