Monday, May 16, 2011

Trader Guide for 17-May-2011

KST
Nifty Futures 5 Min 

Nifty Futures 60 Min  

Nifty Futures EOD


Pivot

Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5405.85 5441.60 5465.85 5501.60 5525.85 5561.60 5585.85


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5457.10 5473.60 5479.10 5484.60 5501.60 5495.60 5501.10 5506.60 5523.10


Nifty futures closed at 5490.10 below averages and average price and if we look at options... Put options are trading above averages and call options are below averages suggesting we may face selling again if market gains... above 5530 bulls may try to take control and 5530 may become important support, below 5530 nifty remains weak... for bull phase nifty needs to hold and trade above 5580...

If we look at KST charts hourly chart... there is gap for cross.. we remain short till cross happens here and if we look at EOD its again on selling side... any rise may easily get erased so need to remain on short till next cross...

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