LAST FRIDAY’S (11.05.2012) CLOSE WAS AT 4928.90 (-36.80 POINTS). THE DAY HIGH WAS 4976.25 AND LOW WAS 4906.15. WEEKLY HIGH IS AT 5124.75 AND THE WEEKLY LOW IS AT 4906.15
5SMA=4997
9SMA=5083
14SMA=5126
20SMA=517050SMA=5243 100SMA=5162 200SMA=5103 |
INTRADAY POSITIVE WILL BE ABOVE 4950 AND NEGATIVE WILL BE BELOW 4925. IMMEDIATE INTRADAY SUPPORTS ARE AT 4910, 4900 AND 4880 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4931, 4950, 4970, 4988, 5000, 5012, 5033, 5050 AND 5070 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4880-5010.
VIX AT 22.48 (-0.24) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 4950 FOR TARGET 4970/5000; STOPLOSS BELOW 4930. REMEMBER THE MARKET TREND IS DOWN
SELL NIFTY FUTURE BELOW 4930 FOR TARGET 4910/4880; STOPLOSS ABOVE 4950.
FOR RISKY TRADE: FRIDAY'S 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 HOLDING @0.20);
BEST BUY: BUY NIFTY FUTURE AROUND 4910/4930 WITH STOPLOSS OF 4900 (RISK TAKER MAY PLACE STOPLOSS OF 4880) FOR TARGET OF 5100 WITHIN THIS EXPIRY. IN ANY CASE, NO LONGS WILL BE HELD IF NIFTY BREAKS 4880 WITH VOLUME.
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.