"NIFTY LEVELS FOR MONDAY (04.06.2012)"

LAST FRIDAY’S (01.06.2012) CLOSE WAS AT 4841.60 (-82.65 POINTS). THE DAY HIGH WAS 4925.00 AND LOW WAS 4831.75. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4831.75

5SMA=4938                       9SMA=4914                     14SMA=4907                     20SMA=4930                     50SMA=5116                   100SMA=5190                   200SMA=5067

5-DAY RSI AT 27.74, 9-DAY RSI AT 33.67 AND 14-DAY RSI AT 35.51 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 4850 AND NEGATIVE WILL BE BELOW 4840. IMMEDIATE INTRADAY SUPPORTS ARE AT 4831, 4814 AND 4788 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4850, 4867, 4882 AND 4900 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4780-4900. 

VIX AT 26.77 (+1.52) 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.