Tuesday, November 15, 2011

Trader Guide for 16-Nov-2011

KST
Nifty Futures 5 min


Nifty Futures 60 min


Nifty Futures EOD

Pivot

India VIX


 Nifty  Futures closed at 5065.95 below averages and pivot indicates nifty may looks weak and again it may face selling and may try to take support from 5027 and 4989 on upper side nifty may test resistance of 5139 and 5213 if global cues are on buying side. Today India VIX again closed with gains of 2.69% from previous close and now moving towards 50 DMA slowly... Stoch and MACD supporting rise on VIX... now about nifty on hourly charts  KST indicator indicating nifty is now highly oversold and we may need to close carried short if buy cross visible here and wait for sure buy cross for longs and need to use strict stop loss on longs. On EOD chart Nifty is reaching oversold zone till fresh cross on oversold zone every bounce may face selling from high.... Sell on rise continues....

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