Monday, June 6, 2011

Trader Guide for 07-Jun-2011

KST
Nifty Futures 5 Min


Nifty Futures 60 Min


Nifty Futures EOD 


Pivot
 
Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5420.63 5447.97 5492.23 5519.57 5563.83 5591.17 5635.43
 
Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5497.12 5516.81 5523.37 5529.94 5519.57 5543.06 5549.63 5556.19 5575.88

Nifty Futures closed at 5536.50 above pivot and averages and if we look at options  call options closed above averages and put options closed below averages indicating gains in morning.... if we look at charts Hourly chart indicating gains in morning and any cross from overbought zone will leads to selling and at EOD its a buy on dips and now both lines are trying to stay above 0 line and sure sell is possible when nifty gains some more points... till then it indicates buy on dips....

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