LAST FRIDAY’S (30.03.2012) CLOSE WAS AT 5295.55 (+116.70 POINTS). THE DAY HIGH WAS 5307.10 AND LOW WAS 5203.65. WEEKLY HIGH IS AT 5307.10 (LAST FRIDAY) AND THE WEEKLY LOW IS AT 5135.95 (LAST THURSDAY).
5SMA=5219 9SMA=524914SMA=5292 20SMA=5293 50SMA=5313 100SMA=5071 200SMA=5149 |
VIX AT 22.38 (-1.95) IS INDICATING AVERAGE VOLATILITY IN THE MARKET.
BUY NIFTY FUTURE ABOVE 5300 FOR TARGET 5331/5355; STOPLOSS BELOW 5290.
SELL NIFTY FUTURE BELOW 5277 FOR TARGET 5250/5230; STOPLOSS ABOVE 5290.
BUY NIFTY FUTURE ABOVE 5300 FOR TARGET 5331/5355; STOPLOSS BELOW 5290.
SELL NIFTY FUTURE BELOW 5277 FOR TARGET 5250/5230; STOPLOSS ABOVE 5290.
FOR RISKY TRADE: AS INDICATED ON FRIDAY, RIL 740CE BETWEEN 20-22 FOR TARGET OF 35-50 WITH STOPLOSS OF 16 AND BUY 5900CE BETWEEN 2-2.25 FOR HOLDING TILL EXPIRY, ACTIVATED.
BEST BUY: AS INDICATED ON FRIDAY, WATCH FOR ITC (230CE), JPASSOCIATES (80CE). THOSE WHO WISHES TO TAKE A SMALL AMOUNT RISK, CAN BUY 5900/6000CE @2.10/1.30 (ALL CALLS ACTIVATED)
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.