Tuesday, May 17, 2011

Trader Guide for 18-May-2011

KST
Nifty Futures 5 Min

Nifty Futures 60 Min


Nifty Futures EOD 


PIVOT


Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5308.78 5365.67 5407.83 5464.72 5506.88 5563.77 5605.93


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5395.52 5422.76 5431.84 5440.92 5464.72 5459.08 5468.16 5477.24 5504.48

Nifty Futures closed at 5450.00 below pivot and averages suggesting downward trend remains... buy for 5459-5560 from low and sell for 5430-5400-5390.  if we look at KST charts, hourly chart is now  representing volatile day as KST attempting cross on oversold zone any cross here may result in bulls revenge on bears and failed attempt lead to sell for sure.... on EOD its now fearlessly moving together on oversold... and now supporting both sentiments...


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