Thursday, November 17, 2011

Trader Guide for 18-Nov-2011

KST
Nifty Futures 5 min


Nifty Futures 60 min


Nifty Futures EOD

 Pivot


India Vix

 



Nifty Futures Closed at 4925.30 below pivot and averages indicates bears want more blood and now looks like it may test supports levels of 4876 and 4827 and on upper side 5013 and 5101. India VIX closed with gains of 7.51% and on Stoch, VIX now at over bought zone and may  face sell from here of unable to reach 50DMA and now VIX is above 21 DMA holding this as support VIX looks bullish and may try to reach 50 DMA... On Nifty, hourly charts still on oversold condition still now buy cross visible and now need to use strict stop loss for new shorts as well as on new longs if buy cross visible here and on Daily chart KST Indicator safely passed 0 line and now reaching oversold  and MACD too attempted sell on overbought zone indicates bear still need more blood and it indicates every bounce get sold systematically... Sell on Rise Continues

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