"NIFTY LEVELS FOR FRIDAY (25.05.2012)"

LAST THURSDAY’S (24.05.2012) CLOSE WAS AT 4921.40 (+85.75 POINTS). THE DAY HIGH WAS 4931.90 AND LOW WAS 4830.15. WEEKLY HIGH IS AT 4956.35 AND THE WEEKLY LOW IS AT 4788.95

5SMA=4883                       9SMA=4888                     14SMA=4927                     20SMA=5007                     50SMA=5165                   100SMA=5179                   200SMA=5074

5-DAY RSI AT 54.21, 9-DAY RSI AT 43.24 AND 14-DAY RSI AT 40.09 INDICATES NIFTY IS IN NEUTRAL ZONE.

INTRADAY POSITIVE WILL BE ABOVE 4933 AND NEGATIVE WILL BE BELOW 4910. IMMEDIATE INTRADAY SUPPORTS ARE AT 4910, 4882, 4850, 4835 AND 4810 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4930, 4950 AND 4970 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4850-4970.

VIX AT 25.49 (-1.64) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 4930 FOR TARGET 4950/4970; STOPLOSS BELOW 4910. REMEMBER THE MARKET TREND IS STILL DOWN

SELL NIFTY FUTURE BELOW 4910 FOR TARGET 4880/4860; STOPLOSS ABOVE 4930.

FOR RISKY TRADE: OUR CALL WAS ACTIVATED: GO LONG FOR SUZLON 25CE AROUND 0.15-0.20 WITH A RISK OF RS. 1600/- ONLY AND HOLD FOR A TARGET OF 0.70-0.75 (WE ARE STILL HOLDING @0.20;) 

BEST BUY: WATCH FOR BHEL, L&T, SBI AND BHARATI.

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.