5 min
60 Min
EOD
Pivot
| Classic Pivot | ||||
| S2 | S1 | Pivot | R1 | R2 |
| 5661.68 | 5707.02 | 5765.33 | 5810.67 | 5868.98 |
| Camarilla Pivot Points | ||||||||
| S4 | S3 | S2 | S1 | Pivot | R1 | R2 | R3 | R4 |
| 5695.34 | 5723.85 | 5733.35 | 5742.85 | 5765.33 | 5761.85 | 5771.35 | 5780.85 | 5809.36 |
Nifty futures closed at 5752.35 below pivot and averages suggesting downside and if we look at near month Options, Call options are closed below averages and Put Options are closed above averages suggesting Down trend may continue today...
If we look at KST charts 5 min chart is supporting selling but KST reached oversold zone on hourly chart and trying to cross, if cross happens, Nifty will try to move upwards and its not good time for shorting as EOD trading near base line any bounce leads to volatile trend, for sure selling needs cross on overbought zone on hourly chart... 5 min chart will play major game and depend on opening trade on Monday... so be cautious on shorting at days low.... use strict stop loss... carried longs need to book profit if nifty trade above 5670 and trading above 5775+ leads to intraday selling again...... Open interest building at 5400-5700 puts real worry for bears.....
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