Monday, May 9, 2011

Trader Guide for 09-May-2011

KST

KST-5 Min






KST-60 Min






KST - EOD





Pivots




Pivot
S3 S2 S1 Pivot R1 R2 R3
5379.30 5423.65 5485.80 5530.15 5592.30 5636.65 5698.80



Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5489.38 5518.66 5528.43 5538.19 5530.15 5557.71 5567.48 5577.24 5606.53


Nifty Futures Closed at 5547.95 above pivot and above averages suggesting market will open strong on opening if we look at options Call options closed above averages and put options are mow trading below averages suggesting short covering is in process market may try to recover....

Nifty call options underwent a reductions in open interest whereas put options additions in open interest. Most Active Nifty Options Strikes are 5600& 5500 Call options and on another side 5400 and 5500 Put Options

If we look at KST charts EOD is still trading at oversold zone and if cross happens and stable here we required to reverse our trade to buy on dips... In hourly chart KST lines are now trading near baseline any cross leads to selling again.... Buy for 5570-5600-5630 and sell for 5530-5500-5480 with Strict  Stop Loss...

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