Thursday, May 19, 2011

Trader Guide for 20-May-2011

KST
Nifty Futures 5 Min

Nifty Futures 60 Min

Nifty Futures EOD

 
Pivots

Pivot
S3 S2 S1 Pivot R1 R2 R3
5360.98 5382.72 5408.33 5430.07 5455.68 5477.42 5503.03


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5407.91 5420.93 5425.27 5429.61 5430.07 5438.29 5442.63 5446.97 5459.99



Nifty Futures closed at 5433.95 above pivot and averages.. and near month call options are trading above averages and put options are below averages suggesting a strong sentiment still remains in bearish trend... nearly one point increase is notable point for pivots today Yesterdays pivot is 5429.38 and now today's pivot is at 5430.07 on upper side nifty need to hold 5435 for a target of 5450-5470 and we may get selling at 5450..... on selling side nifty needs to loose some points till 5410 and this will take us to 5400-5380-5360 but there is a big hurdle at 5420 it may leading nifty now... If we look at KST charts daily chart is currently trading in Oversold zone and we may get chance for if  KST lines are reached overbought and sure cross is happens from there... on EOD.. KST suggesting volatile trend and now failed sell turned in to buy signal if this cross remains its a buy for next trend...

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