"NIFTY LEVELS FOR WEDNESDAY (25.04.2012)"

LAST TUESDAY’S (24.04.2012) CLOSE WAS AT 5222.65 (+22.05 POINTS). THE DAY HIGH WAS 5232.35 AND LOW WAS 5180.35. WEEKLY HIGH IS AT 5342.45 AND THE WEEKLY LOW IS AT 5180.35

5SMA=5269                      9SMA=5261                    14SMA=5267                    20SMA=5223                    50SMA=5330                  100SMA=5175                  200SMA=5134

5-DAY RSI AT 40.27, 9-DAY RSI AT 44.21 AND 14-DAY RSI AT 46.02 INDICATES NIFTY IS IN BEARISH ZONE.

INTRADAY POSITIVE WILL BE ABOVE 5227 AND NEGATIVE WILL BE BELOW 5210. IMMEDIATE INTRADAY SUPPORTS ARE AT 5210, 5200, 5189 AND 5170 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5227, 5241, 5267, 5278, 5289 AND 5300 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 5170-5280.

VIX AT 19.25 (-2.32) IS INDICATING LESS THAN AVERAGE VOLATILITY IN THE MARKET.

BUY NIFTY FUTURE ABOVE 5227 FOR TARGET 5250/5267; STOPLOSS BELOW 5210 (FOR RISK TAKER- 5200).

SELL NIFTY FUTURE BELOW 5227 FOR TARGET 5200/5170; STOPLOSS ABOVE 5241 (FOR RISK TAKER- 5250).

FOR RISKY TRADE:  WATCH 5200/5300 CE;

BEST BUY: IF NIFTY TRADES ABOVE 5250, GO LONG WITH STOPLOSS OF 5241.

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.