"NIFTY LEVELS FOR WEDNESDAY (06.06.2012)"

LAST TUESDAY’S (05.06.2012) CLOSE WAS AT 4863.30 (+15.15 POINTS). THE DAY HIGH WAS 4898.95 AND LOW WAS 4847.70. WEEKLY HIGH IS AT 5020.15 AND THE WEEKLY LOW IS AT 4770.35

5SMA=4886                      9SMA=4916                    14SMA=4901                    20SMA=4909                    50SMA=5100                  100SMA=5190                  200SMA=5065

5-DAY RSI AT 37.07, 9-DAY RSI AT 38.19 AND 14-DAY RSI AT 38.22 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 4870 AND NEGATIVE WILL BE BELOW 4850. IMMEDIATE INTRADAY SUPPORTS ARE AT 4850, 4831, 4814 AND 4788 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 4867, 4882, 4900 AND 4933 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4810-4993. 

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.

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.