Trader Guide for 24-Mar-2011

updates shortly

KST

If we look at KST Charts Indicators remains in upper zone and if cross happens in morning it may be chance for booking profit.



PIVOT

S 2	S 1	Pivot	R 1	R 2
5372.7	5426.4	5455.7	5509.4	5538.7

Nifty Spot closed at 5480.25 above pivot point and near resistance indicates market remains strong in morning and trade volatile if it trades below 5455


INDIA VIX

Open	High	Low	Current	Prev Close	% Change
22.26	22.37	20.97	20.97	22.26	-5.80

India VIX again lost some points as Nifty gains 2nd day in row indicates Nifty looking Strong at the momentum but but trading below 18 and trading above 24 is turning point for market trend.

Nifty Futures trading above Averages (+24.44) and if we look at option data near month Put options are trading below averages and call options trading above averages. good for booking profit at higher levels and need to watch decrement of price due near term expiry open interest reductions and additions will lead to volatile situation...


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