Trader Guide for 29-Apr-2011

With New Hope.... Nifty Again wants to start its journey with smart step...

KST

KST 5 Min

KST 60 Min

KST EOD

Pivot

Pivot
S2	S1	Pivot	R1	R2
5753.67	5782.33	5831.77	5860.43	5909.87

Camarilla Pivot Points
S4	S3	S2	S1	Pivot	R1	R2	R3	R4
5768.04	5789.52	5796.68	5803.84	5831.77	5818.16	5825.32	5832.48	5853.96

Nifty Futures for May is Closed at 5811 below Pivot and Averages and we may already strong on Bear side and now this two values should increase our confidence on shorting but we need to compare it with options, as per Options, Call options are trading below averages and Put Options are above averages, we may guess market may face selling again, and with bear friends known as our Friday Sellers may try to attack on market to loot the gain as pirates.... as a last day of week and we entering in constructive period of open interests for options and trading next months Futures and Options trade from today (Bonus day for May month), much difference may not seen on futures if nifty gains or losses its weight, but in options its a risky day....

When we look at KST charts, market may try to remain strong in morning as KST indicators are now trading oversold zone selling continues on hourly chart, any cross leads to buying. we can see Sure Sell if it happening from overbought zone.....