"NIFTY LEVELS FOR FRIDAY (01.06.2012)"

LAST THURSDAY’S (31.05.2012) CLOSE WAS AT 4924.25 (-26.50 POINTS). THE DAY HIGH WAS 4949.25 AND LOW WAS 4833.55. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4830.15

5SMA=4954                      9SMA=4922                    14SMA=4912                    20SMA=4942                    50SMA=5126                  100SMA=5189                  200SMA=5068

5-DAY RSI AT 45.09, 9-DAY RSI AT 43.61 AND 14-DAY RSI AT 41.64 INDICATES NIFTY IS IN NEUTRAL ZONE.

INTRADAY POSITIVE WILL BE ABOVE 4931 AND NEGATIVE WILL BE BELOW 4910. IMMEDIATE INTRADAY SUPPORTS ARE AT 4910, 4882, 4867 AND 4850 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4931, 4940, 4956, 4970, 4995 AND 5022 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4850-4990/5000. 

VIX AT 25.25 (-0.05) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.

PROBABLY I WILL NOT BE AVAILABLE FOR SOME DAYS; THEREFORE, NO CALL FOR THE TIME BEING, SINCE I MAY NOT TRACK THE PRICE MOVEMENT.

FOR RISKY TRADE: 

BEST BUY: WATCH FOR BHEL, L&T, SBI AND BHARATI IN CASH SEGMENT FOR DELIVERY AND KEEP IN YOUR PORTFOLIO.

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.