"NIFTY LEVELS FOR FRIDAY (08.06.2012)"

LAST THURSDAY’S (07.06.2012) CLOSE WAS AT 5049.65 (+52.55 POINTS). THE DAY HIGH WAS 5059.65 AND LOW WAS 5007.75. WEEKLY HIGH IS AT 5059.65 AND THE WEEKLY LOW IS AT 4770.35

5SMA=4920                     9SMA=4939                   14SMA=4921                   20SMA=4915                   50SMA=5092                 100SMA=5194                 200SMA=5065

5-DAY RSI AT 75.61, 9-DAY RSI AT 63.77 AND 14-DAY RSI AT 56.06 INDICATES NIFTY IS IN BULLISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5050 AND NEGATIVE WILL BE BELOW 4990. IMMEDIATE INTRADAY SUPPORTS ARE AT 5033, 5027, 5000, 4994 AND 4970 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5050, 5070 AND 5100 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4970-5100. 

VIX AT 23.64 (-1.26) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.

I WILL NOT BE AVAILABLE FOR SOME DAYS DURING TRADING HOURS; THEREFORE, NO CALL FOR THE TIME BEING, SINCE I MAY NOT TRACK THE PRICE MOVEMENT. THOSE WHO ARE VERY SHORT TERM TRADER AND HOLDING ANY CALLS THAT WERE MADE IN THE BLOG MAY EXIT THE SAME WITH GOOD PROFIT. THERE IS EVERY CHANCE THAT MARKET MAY CORRECT A LITTLE BIT.

FOR RISKY TRADE: ONE MAY LOOK FOR IFCI ALSO (JULY SERIES)

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