NIFTY LEVELS FOR THURSDAY (12.04.2012)

LAST WEDNESDAY’S (11.04.2012) CLOSE WAS AT 5226.85 (-16.75 POINTS). THE DAY HIGH WAS 5263.65 AND LOW WAS 5190.80. WEEKLY HIGH IS AT 5378.75 AND THE WEEKLY LOW IS AT 5190.80

5SMA=5277                     9SMA=5264                   14SMA=5262                   20SMA=5227                   50SMA=5335                 100SMA=5227                 200SMA=5146

5-DAY RSI AT 39.09, 9-DAY RSI AT 43.63 AND 14-DAY RSI AT 45.75 INDICATES NIFTY IS IN BEARISH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5250 AND NEGATIVE WILL BE BELOW 5224. IMMEDIATE INTRADAY SUPPORTS ARE AT 5224, 5210, 5200, 5189, 5177 AND 5151 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5250, 5267, 5276, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5180-5289. 

VIX AT 22.29 (+0.37)  IS INDICATING AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5250 FOR TARGET 5270/5290; STOPLOSS BELOW 5224.

SELL NIFTY FUTURE BELOW 5224 FOR TARGET 5200/5177; STOPLOSS ABOVE 5250.

FOR RISKY TRADE:  BUY SUZLON 25CE AROUND 0.65-0.70 FOR A TARGET OF 1.25/1.50 WITH STOPLOSS AT 0.50. WATCH BHARATI AND SBI...

BEST BUY: AS PER OUR CALL, WE ARE STILL HOLDING ITC (230CE) AND 5200CE (YESTERDAY'S CALL); EXITED EARLIER JPASSOCIATES (80CE) AT 88 AND RIL (740CE) AT 761 ON LAST WEDNESDAY 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.