Sunday, May 15, 2011

Trader Guide for 16-May-2011

KST
Nifty Futures 5 Min




Nifty Futures 60 Min 


Nifty Futures EOD


Pivot
 
Pivot
S3 S2 S1 Pivot R1 R2 R3
5332.17 5398.68 5489.77 5556.28 5647.37 5713.88 5804.97


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5494.17 5537.51 5551.96 5566.40 5556.28 5595.30 5609.74 5624.19 5667.53

Nifty Futures closed at 5580.85 above pivot and above averages suggesting market will try open strong and may face selling on as soon reached days high.. if selling happens this selling may labeled as hike in petrol rates....

If we look at charts... in hourly chart KST lines reached over bought zone any cross here results sure selling... and this selling effects EOD chart and it may leads volatile market till next cross here or continues current sell on rise trend......

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