Wednesday, July 6, 2011

Trader Guide for 07-Jul-2011

KST  
KST Nifty Futures 5 Min


KST Nifty Futures 60 Min



KST Nifty Futures EOD


Pivot

Classic Pivot
S3 S2 S1 Pivot R1 R2 R3
5563.17 5590.33 5613.17 5640.33 5663.17 5690.33 5713.17



Camarilla Pivot Points
L4 L3 L2 L1 Pivot H1 H2 H3 H4
5608.50 5622.25 5626.83 5631.42 5640.33 5640.58 5645.17 5649.75 5663.50

Nifty 5636  below pivot and averages indicating bulls weakness and if we look at chart on hourly chart KST lines crossed at oversold zone (just below 0 line) indicating selling but it may not a good sell and if we look at EOD now  cross is happening from overbought zone if this cross happens here we may need to reverse our trade to sell on rise currently we are on buy on dips....

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