Wednesday, May 18, 2011

Trader Guide for 19-May-2011

KST
Nifty Futures 5 Min


Nifty Futures 60 Min


Nifty Futures EOD 


Pivots



Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5329.27 5363.43 5395.22 5429.38 5461.17 5495.33 5527.12



Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5390.73 5408.86 5414.91 5420.95 5429.38 5433.05 5439.09 5445.14 5463.27

Nifty futures closed at 5425 closed below averages and pivot suggesting we may remain on short below 5429 for target of 5420-5390-5350 and need to buy for 5435-5460-5470 if we look at options put options are trading below averages and call options are above averages suggesting market may trade volatile.... If we look at charts 60 min chart trying cross on over sold if it happens it may lead to selling otherwise better for intraday longs... on EOD KST lines crossed on Oversold for selling side and if this cross continues selling may lead to 5300 and below.. above 5430 bulls may try to recover and selling may continue from 5450..... for bull phase nifty may need to stay above 5450 for gains of 5500-5550 on bear side nifty need to loose 20 points for 5380-5350....
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