"NIFTY LEVELS FOR THURSDAY (31.05.2012)"

LAST WEDNESDAY’S (30.05.2012) CLOSE WAS AT 4950.75 (-39.35 POINTS). THE DAY HIGH WAS 4982.25 AND LOW WAS 4944.90. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4803.95

5SMA=4954                      9SMA=4918                    14SMA=4912                    20SMA=4955                    50SMA=5133                  100SMA=5188                  200SMA=5069

5-DAY RSI AT 53.71, 9-DAY RSI AT 47.62 AND 14-DAY RSI AT 43.90 INDICATES NIFTY IS IN NEUTRAL ZONE.

INTRADAY POSITIVE WILL BE ABOVE 4956 AND NEGATIVE WILL BE BELOW 4941. IMMEDIATE INTRADAY SUPPORTS ARE AT 4940, 4931, 4910 AND 4882 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4956, 4970, 4995, 5022 AND 5031 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4880-4990/5000. DUE TO EXPIRY DAY, VOLATILITY MAY BE SEEN.

VIX AT 25.30 (+1.27) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.

NO TRADE DUE TO EXPIRY DAY..... GAP DOWN OPENING MAY BE SEEN.

FOR RISKY TRADE: DUE TO EXPIRY DAY, NO CALL 

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

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.