NIFTY LEVELS FOR THURSDAY (19.04.2012)

LAST WEDNESDAY’S (18.04.2012) CLOSE WAS AT 5300.00 (+10.30 POINTS). THE DAY HIGH WAS 5342.00 AND LOW WAS 5293.45. WEEKLY HIGH IS AT 5342.00 AND THE WEEKLY LOW IS AT 5183.50

5SMA=5260                      9SMA=5259                    14SMA=5262                    20SMA=5300                    50SMA=5338                  100SMA=5300                  200SMA=5142

5-DAY RSI AT 60.78, 9-DAY RSI AT 54.00 AND 14-DAY RSI AT 51.79 INDICATES NIFTY IS IN NEUTRAL ZONE.   INTRADAY POSITIVE WILL BE ABOVE 5310 AND NEGATIVE WILL BE BELOW 5289. IMMEDIATE INTRADAY SUPPORTS ARE AT 5278, 5267, 5250 AND 5224 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5310, 5324, 5331, 5350, 5364 AND 5384 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5250-5350.
VIX AT 20.03 (-0.28) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5310 FOR TARGET 5330/5350; STOPLOSS BELOW 5289.
SELL NIFTY FUTURE BELOW 5278 FOR TARGET 5267/5250; STOPLOSS ABOVE 5290.
FOR RISKY TRADE:  WATCH INFY 2400 AND 2450CE; RIL 740CE AND JPASSOCIATES 80CE;
BEST BUY: WILL BE LONG IN NIFTY FUTURE IF NIFTY SPOT CROSS 5331-35 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.