"NIFTY LEVELS FOR THURSDAY (07.06.2012)"

LAST WEDNESDAY’S (06.06.2012) CLOSE WAS AT 4997.10 (+133.80 POINTS). THE DAY HIGH WAS 5010.45 AND LOW WAS 4886.15. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4770.35

5SMA=4895                      9SMA=4925                    14SMA=4910                    20SMA=4911                    50SMA=5096                  100SMA=5192                  200SMA=5065

5-DAY RSI AT 69.45, 9-DAY RSI AT 58.51 AND 14-DAY RSI AT 51.93 INDICATES NIFTY IS NEAR BULLISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5010 AND NEGATIVE WILL BE BELOW 4990. IMMEDIATE INTRADAY SUPPORTS ARE AT 4970, 4950, 4933, 4910, AND 4882 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5027, 5050, 5070 AND 5100 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4930-5070. 

VIX AT 26.26 (+0.66) 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 WISHES TO TAKE RISK MAY SHORT AROUND 5020-5027 WITH STRICT STOPLOSS OF ABOVE 5033

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.