Thursday, March 17, 2011

Trader Guide for 17-Mar-2011

KST


KST Indicators Crossed at over sold zone and reaching baseline indicating volatile trade in morning

INDIA VIX

Open High Low Current Prev Close % Change
24.8926.1123.4725.2624.891.49

India VIX is up by 1.49%  volatility indicated, if crossed 26+ again  may we face little trouble. sell on rise is indicated for intraday trade.

PIVOT


Pivot  S3 S2 S1 Pivot R1 R2 R3
Nifty-50 5343.2 5389.2 5417.9 5463.9 5492.6 5538.6 5567.3

Nifty Closed at 5446.65 marginally above pivot needs 46 points to reach Resistance 1 and needs 28.7 points to reach Support 1 sell for 5417 buy for 5492.  Nifty Futures closed below averages indicating there is a selling pressure but if we look at option data call options closed below averages and put options closed marginally below averages expect 5500 put, 5500 put marginally above from averages.

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