"NIFTY LEVELS FOR TUESDAY (05.06.2012)"

LAST MONDAY’S (04.06.2012) CLOSE WAS AT 4848.15 (+6.55 POINTS). THE DAY HIGH WAS 4858.30 AND LOW WAS 4770.35. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4770.35

5SMA=4911                      9SMA=4913                    14SMA=4900                    20SMA=4916                    50SMA=5108                  100SMA=5190                  200SMA=5066

5-DAY RSI AT 30.39, 9-DAY RSI AT 34.99 AND 14-DAY RSI AT 36.31 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 4770-4900. 

VIX AT 25.60 (-1.17) 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.

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.