Tuesday, May 10, 2011

Trader Guide for 11-May-2011

KST

NIFTY Futures  - 5 Min



NIFTY Futures - 60 Min



NIFTY Futures - EOD





Pivot

Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5421.00 5469.00 5509.00 5557.00 5597.00 5645.00 5685.00

Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5500.60 5524.80 5532.87 5540.93 5557.00 5557.07 5565.13 5573.20 5597.40


Nifty Futures Closed at 5549 below pivots and averages Put options are marginally above on averages and call options are below averages suggesting volatile trade if we look at KST charts we need to wait for overbought zone for selling currently trading at oversold zone in 5 min. chart and we look at hourly chart we need a safe cross here for sure sell.... and there is a support for sell on EOD charts...


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