Monday, May 2, 2011

Trader Guide for 03-May-2011

KST
5 MIN

60 MIN

EOD


PIVOT
Classic Pivot
S2 S1 Pivot R1 R2
5650.57 5684.83 5737.42 5771.68 5824.27

Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5671.33 5695.22 5703.18 5711.14 5737.42 5727.06 5735.02 5742.98 5766.87

Nifty Futures closed below Averages and pivots and we look at options Call options are closed below averages and put options are closed above averages.. suggesting more down trend remains, if we look at KST Charts EOD are now reaching oversold currently trading at 0 line (base line) sell on rise is still valid on every bounce.... Nifty Trading at oversold zone on hourly chart and no indication of cross is now supporting bears... But need to consider before shorting KST is trading at Oversold Zone any cross here helps bulls... wait for Over bought zone for Sure Sell with max profit...  Sell for 5700-5680-5650 if nifty reaches high and buy for 5730-5770-5800 if it reaches low...

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