Sunday, November 27, 2011

Trader Guide for 28-Nov-2011

KST
Nifty Futures 5 min


Nifty Futures 60 min


Nifty Futures EOD


Pivot


India VIX






Nifty Futures  Closed at 4707.30 below pivot and averages indicate again nifty may again try to test support zone of 4671 and 4634 and on upside nifty may move towards resistance of 4760 and 4814 and India VIX again closed with gains of 4.19% looks on downside built strong base and it may not brake easily and now again 50DMA working as support for VIX and combination of 10/21 DEMA tells it may continue its upward journey and if this continue like this nifty looks very weak and may not able to see strong gains, But still stoch is holding sell on over bought zone so bulls still have little hope here, On nifty, on Hourly Charts KST indicator is holding buy cross and gap down again leads to selling wait for clear trend here and now nifty looks very volatile here try to trade with strict Stop Loss on both side and main trend is sill saying sell on rise.. On Daily chart KST Indicator is still holding sell cross from overbought zone and now at oversold zone till sure buy cross here we may need to sell on every rise...

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