Saturday, July 9, 2011

Trader Guide for 11-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
5531.00 5596.00 5630.00 5695.00 5729.00 5794.00 5828.00


Camarilla Pivot Points
L4 L3 L2 L1 Pivot H1 H2 H3 H4
5609.55 5636.78 5645.85 5654.93 5695.00 5673.08 5682.15 5691.23 5718.45


Nifty Futures closed at 5664 below averages and pivots indicating some bearish sentiments in market On charts hourly chart is on sell mode reaching oversold one need to wait for cross on oversold zone for buy again... and if we look at EOD charts KST lines attempting cross on overbought again if this happens we may need to wait for selling as some times it fails to hold selling cross and need to cover our longs on every gains.... wait for going short at this stage...

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