NIFTY LEVELS FOR TUESDAY (17.04.2012)

LAST MONDAY’S (16.04.2012) CLOSE WAS AT 5226.20 (+18.75 POINTS). THE DAY HIGH WAS 5233.50 AND LOW WAS 5183.50. WEEKLY HIGH IS AT 5306.75 AND THE WEEKLY LOW IS AT 5183.50 

5SMA=5236                      9SMA=5268                    14SMA=5251                    20SMA=5226                    50SMA=5339                  100SMA=5226                  200SMA=5144

5-DAY RSI AT 43.37, 9-DAY RSI AT 45.02 AND 14-DAY RSI AT 46.32 INDICATES NIFTY IS IN NEUTRAL ZONE BUT NEAR TO BEARISH ZONE.
INTRADAY POSITIVE WILL BE ABOVE 5233 AND NEGATIVE WILL BE BELOW 5210. IMMEDIATE INTRADAY SUPPORTS ARE AT 5221, 5210, 5200 AND 5189 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5233, 5241, 5250, 5267, 5278, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5150-5330. 

VIX AT 22.23 (-0.52)  IS INDICATING OPTIMUM VOLATILITY IN THE MARKET.

NO RECOMMENDATION FOR TODAY AS MARKET MAY BE VOLATILE DUE TO RBI MONETARY POLICY.

FOR RISKY TRADE:  WATCH SBI, RELIANCE AND SURELY FOR INFY ON LONG SIDE. WILL TAKE POSITION TODAY (MAYBE FIRST HALF OR AFTER RBI POLICY ANNOUNCEMENT).

BEST BUY: AS PER OUR CALL, WE ARE NOT HOLDING ANYTHING.  EXITED 5200 CE (1ST HALF OF FRIDAY @160), RIL 740CE, JPASSOCIATES 80CE EARLIER WITH HUGE PROFIT.... MINIMAL LOSS FOR 5900CE...

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.