Sunday, May 22, 2011

Trader Guide for 23-May-2011

KST
Nifty Futures 5 Min

Nifty Futures 60 Min




Nifty Futures EOD


 Pivot

Pivot
S3 S2 S1 Pivot R1 R2 R3
5337.47 5383.13 5431.07 5476.73 5524.67 5570.33 5618.27


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5427.52 5453.26 5461.84 5470.42 5476.73 5487.58 5496.16 5504.74 5530.48

Nifty futures closed at 5479 above pivot and below averages suggesting volatile trade ahead and if we look at options put options are traded above averages and call options are trading below averages suggesting downward sentiment still remains. if we look at charts in hourly chart KST indicators are in overbought and trying to move downward if cross happens here it may lead to sure sell and EOD charts indicating volatile trades because KST lines are failed to retain previous buy cross.... now both lines again started to move together... any buy will convert in sell after a good start.. buy for  5490-5520-5530 from lows and sell for 5460-5450-5420 from high 5420 working as good suport for nifty if nifty fails to hold 5420 then we surely get 5350-5330 on upper side nifty must hold and trade above 5480 then only we can see next targets otherwise its a good selling points we will get from every new highs....
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