"NIFTY LEVELS FOR MONDAY (11.06.2012)"

LAST FRIDAY’S (08.06.2012) CLOSE WAS AT 5068.35 (+18.70 POINTS). THE DAY HIGH WAS 5084.45 AND LOW WAS 4994.80. WEEKLY HIGH IS AT 5084.45 AND THE WEEKLY LOW IS AT 4770.35

5SMA=4965                      9SMA=4948                    14SMA=4933                    20SMA=4922                    50SMA=5090                  100SMA=5196                  200SMA=5066

5-DAY RSI AT 77.62, 9-DAY RSI AT 65.52 AND 14-DAY RSI AT 57.45 INDICATES NIFTY IS IN BULLISH ZONE (REMEMBER ON DAILY CHART, ITS IN OVERBOUGHT ZONE).

INTRADAY POSITIVE WILL BE ABOVE 5070 AND NEGATIVE WILL BE BELOW 5066. IMMEDIATE INTRADAY SUPPORTS ARE AT 5066, 5040, 5027, 5010, 4994 AND 4970 LEVEL. IMMEDIATE INTRADAY RESISTANCES ARE AT 5084, 5103 AND 5133 LEVEL. EXPECTED RANGE FOR TODAY PROBABLY BETWEEN 4970-5140. 

VIX AT 23.47 (-0.17) IS INDICATING MORE THAN AVERAGE VOLATILITY IN THE MARKET.

I WILL NOT BE AVAILABLE FOR SOME DAYS (PROBABLY TILL 18TH JUNE) 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.