Thursday, July 21, 2011

Trader Guide for 22-Jul-2011

KST  
KST Nifty Futures 5 Min


KST Nifty Futures 60 Min


KST Nifty Futures EOD

Pivot

Nifty Futures Closed at 5547.05 below pivot and averages indicating bear sentiments continues on Nifty and if nifty manages to gain hold 5550 bulls may try to take control o market for the day otherwise its a range bound day for nifty if we look at charts hourly chart reached oversold zone and not able to generate good buying cross on hourly chart now if buy cross appears here we need to close our shorts and need to wait for shorting from high or we can buy for small gain with proper stop loss, on EOD chart KST lines are now reached nearly to 0 line as said earlier its a volatile days if KST manages to stay below 0 line its a clear signal to hold our short till cross on oversold zone

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