Monday, April 18, 2011

Trader Guide for 19-Apr-2011

Nifty Report

KST

5 min

60 min

EOD


Pivot
Classic Pivot
S2 S1 Pivot R1 R2
5601.83 5670.42 5795.68 5864.27 5989.53
Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5632.38 5685.69 5703.46 5721.23 5795.68 5756.77 5774.54 5792.31 5845.62

Nifty Futures Closed at 5739.00 below pivot and Averages Suggesting more downwards If we look at Option data we can find the same thing as futures Near month call options trading below averages and near month put options trading above averages suggesting more down trend, if we compare it with Charts we can find we already reached Oversold zone in smaller time frames, if cross happened on Oversold zone it may lead to small bullish trend and we have to wait for higher bought zone in smaller time frame as we are trading for sell on rise, for entering fresh short and little wait till cross on oversold zone for intraday long with small stop loss,



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