"TRADING IDEA FOR WEDNESDAY (18.04.2012)"

EXPERT'S VIEW ON RBI MONETARY POLICY (17.04.2012) : WHAT'S NEXT ??? READ HERE
A surprise move from RBI in its monetary policy for 50bps rate made Nifty to close at 5289.70 (gained 63.50 points). Now it needs to close above 5300 and 5331-35. The level of 5331-35 has became strong resistance since every attempt to move past this level, is met with severe selling pressure. Nifty may trade between the range of 5181 (major support at 5151) and 5400 for the time being. For today, WATCH 5278/5267/5250 ON THE DOWN SIDE AND 5300/5331/5350 ON THE UPSIDE.
From options data,,highest options base has been shifted to 5100 put and 5400 calls, but still highest accumulation is for 5200 put and 5400 calls. It is expected that Nifty may trade in a range of 5150-5400 for the time being. In any case, breaching of this range may lead 100-150 points in Nifty on directional bias.
INTRADAY LIVE TRADING CALLS DURING TRADING HOURS FROM VARIOUS BROKING HOUSES :  CHECK HERE
DISCLAIMER: BEING A TRADER, I MAY HAVE SOME VESTED INTEREST. 
"Confused what to Buy or what to Sell ? Check here for INTRADAY CALL"