"NIFTY LEVELS FOR MONDAY (30.04.2012)"

LAST FRIDAY’S (27.04.2012) CLOSE WAS AT 5190.60 (+1.60 POINTS). HOWEVER, DURING A SPECIAL TRADING SESSION ON SATURDAY (28.04.2012), IT CLOSED AT 5209.00 (+18.40). THE DAY HIGH WAS 5216.40 AND LOW WAS 5196.35. WEEKLY HIGH IS AT 5310.55 AND THE WEEKLY LOW IS AT 5154.30

5SMA=5203                      9SMA=5237                    14SMA=5240                    20SMA=5257                    50SMA=5311                  100SMA=5132                  200SMA=5125

5-DAY RSI AT 43.50, 9-DAY RSI AT 44.24 AND 14-DAY RSI AT 45.65 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5210 AND NEGATIVE WILL BE BELOW 5200. IMMEDIATE INTRADAY SUPPORTS ARE AT 5200, 5189, 5170, 5150, 5133 AND 5120 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5210, 5227, 5241 AND 5267 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5130-5260.

VIX AT 17.61 (-0.28) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5227 FOR TARGET 5250/5267; STOPLOSS BELOW 5210 (FOR RISK TAKER- 5200).

SELL NIFTY FUTURE BELOW 5189 FOR TARGET 5160/5150; STOPLOSS ABOVE 5200 (FOR RISK TAKER- 5210).

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

BEST BUY: FRIDAY'S CALL WAS: GO LONG IN NIFTY FUTURE AROUND 5150 WITH STOPLOSS OF 5130 FOR TARGET OF 5200/5260 (TIME PERIOD - ONE WEEK). FIRST TARGET ACHIEVED ON SATURDAY (WITHIN ONE DAY).

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.