Friday, April 15, 2011

Trader Guide For 18-Apr-2011

KST
5 Min


KST 60 Min


KST EOD


Pivot


Classic Pivot
S2 S1 Pivot R1 R2
5753.40 5789.20 5856.50 5892.30 5959.60
Camarilla Pivot Points
S4 S3 S2 S1 R1 R2 R3 R4
5768.30 5796.65 5806.10 5815.55 5834.45 5843.90 5853.35 5881.70


Nifty Futures closed at 5825 trading below pivot point and Average price indicating small weakness, when we consider Options, Call options closed below averages and put options closed above averages, it supports bearish sentiments on Monday. But when we look at KST Charts we have to wait for fresh cross on higher bought zone for intraday trade and carried shorts to be booked at higher sold zone... as said in earlier posts, I believe If market gains again its a selling point for nifty and Selling may continue till 5700-5600 on down side and upper-side is limited to 5900-5960...

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