Wednesday, November 16, 2011

Trader Guide for 17-Nov-2011

KST
Nifty Futures 5 min


Nifty Futures 60 min


Nifty Futures EOD


Pivot


India VIX
 

 Nifty  Futures closed at 5079 and now closed above pivot and averages indicates market is in recovery mood after good selling from high levels. on upper side it may test 5106 and 5134 failing which it may slide up 5024 and 4969 and India VIX today closed with loss of 3.58% indicates Volatility is in line with market movement. on Nifty Charts, on hourly chart KST Indicator is holding buy and now at oversold zone and both lines are not properly aligned and may try to align today and if fails it may again convert in sell mode, on EOD Chart KST Indicator safely crossed 0 line and reaching oversold zone, till  fresh cross on oversold zone every bounce again convert in sell and now short term bounce is pending and we may get this bounce if hourly cross holds buy...

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