Trader Guide for 24-May-2011

Must watch this : http://youtu.be/Wfk8fK3DTY0

KST


Nifty Futures 5 Min

Nifty Futures 60 Min

Nifty Futures EOD

Pivots

Classic Pivot
S3	S2	S1	Pivot	R1	R2	R3
5276.05	5320.40	5351.20	5395.55	5426.35	5470.70	5501.50

Camarilla Pivot Points
S4	S3	S2	S1	Pivot	R1	R2	R3	R4
5340.67	5361.33	5368.22	5375.11	5395.55	5388.89	5395.78	5402.67	5423.33

Nifty Futures closed at 5382.00 below averages and pivots suggesting market may witness more weakness... Call options are traded below averages and put put options are trading above averages good for stay in shorts.... If we look at KST charts in hourly chart KST lines reached oversold and any cross here leads to buying till buy cross we may remain  in shorts if we look at EOD Chart KST lines are again on sell mode and suggesting any rise will convert in sell from every high