"NIFTY LEVELS FOR THURSDAY (26.04.2012)"

LAST WEDNESDAY’S (25.04.2012) CLOSE WAS AT 5202.00 (-20.65 POINTS). THE DAY HIGH WAS 5236.10 AND LOW WAS 5160.65. WEEKLY HIGH IS AT 5342.45 AND THE WEEKLY LOW IS AT 5160.65

5SMA=5250                     9SMA=5252                   14SMA=5255                   20SMA=5202                   50SMA=5326                 100SMA=5174                 200SMA=5132

5-DAY RSI AT 36.02, 9-DAY RSI AT 41.85 AND 14-DAY RSI AT 44.55 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 AND 5170 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5210, 5227, 5241, 5267, 5278, AND 5289 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5150-5280.

VIX AT 18.94 (-0.31) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

AVOID TRADING TODAY.... IF NECESSARY, WATCH/GO LONG IN 5200CE  (ABOVE 5210/5227) FOR MAY SERIES (ONLY ON INTRADAY BASIS)

FOR RISKY TRADE: NO TRADE TODAY

BEST BUY: NO TRADE TODAY

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.