KST-5 min
KST-60 Min
KST-EOD
Pivot
| Classic Pivot | ||||
| S2 | S1 | Pivot | R1 | R2 |
| 5450.08 | 5506.17 | 5616.08 | 5672.17 | 5782.08 |
| Camarilla Pivot Points | ||||||||
| S4 | S3 | S2 | S1 | Pivot | R1 | R2 | R3 | R4 |
| 5470.95 | 5516.60 | 5531.82 | 5547.03 | 5616.08 | 5577.47 | 5592.68 | 5607.90 | 5653.55 |
Note : Due to some personal problems and because of some visitors..... I am not able to send Morning reports by emails... finally got some time and able to upload KST charts and now trying write few lines....
Nifty Futures Closed at 5562.25 closed above pivots and closed below averages suggesting volatile trade in morning, If we look at options we may notice Put options are trading above averages and Call options trading below averages suggesting down trend remains...but we need to use Strict Stop loss today as we faced selling about -2.85% from previous close and now pivot is suggesting to buy
If we look at KST today it never tried second cross on Overbought.. it remains in oversold from morning and now trading at oversold zone on hourly chart... any cross on oversold leads to buy and bulls have a hope on 10EMA that is now staying at 5677 on Nifty Futures EOD looking possibility light but hopes are heavy... but we have to use that bounce for selling from high that we are doing from last few days.... hoping for a flat day as our bears need some rest..... for selling we need to cross 5672 for a target of 5610-5530-5500 and if trading on bull side we need to consider 5550-5530-5500 as a good support zone for a target of 5570-5580-5600
No comments:
Post a Comment