Tuesday, June 7, 2011

Trader Guide for 08-Jun-2011

KST
Nifty Futures 5 Min


Nifty Futures 60 Min


Nifty Futures EOD




Pivot
Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5452.80 5480.70 5521.85 5549.75 5590.90 5618.80 5659.95


Camarilla Pivot Points
S4 S3 S2 S1 Pivot R1 R2 R3 R4
5525.02 5544.01 5550.34 5556.67 5549.75 5569.33 5575.66 5581.99 5600.98

Nifty Futures Closed at 5563 above pivot and averages and on options side call options are trading above averages and put options are trading below averages indicating upward still remains and if we look at charts on hourly chart KST lines now reached overbought and after a good start if cross happens here..... we need to close our carried longs and reverse our trade to sell on rise for intraday till next cross on oversold.. and we may remain on buy on dip with support of EOD charts... and now  on EOD charts KST lines are trading above base line (0 line) and indicating buy on dip and any selling here leads to volatile days... and EOD charts holding responsibility of smooth trades on bull side...

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