Trader Guide for 14-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

 Pivot

India VIX

Nifty Futures closed at 4836.75 above Pivot and averages indicating bears loosing control  on market and now bears looking little weak on market if opened above pivot nifty may try to test resistance of 4873 and 4911 and if fails to hold pivot and trades below pivot may test Support at 4765 and 4694 as said in last post global are not supporting up moves and getting hammered from every high and in last few min bulls too got some food.

 India VIX is closed with loss of -3.96%  at 28.11 looking good for bulls on Nifty and  looks manageable for bears, Stochastic and MACD are indicating rise on India VIX and India VIX is protected by support at 50 DMA and 100 DMA and 21 DMA is nearest support. looks like India VIX is protected by multiple supports and looks like fall is limited on India VIX and it is unbearable for Nifty.

on Nifty Charts, hourly chart is holding buy from over bought zone and need to wait for fresh short for safe trade and may use this buy cross to for intra longs with Strict Stop loss if nifty supports gain, till visible sell cross and don't try new shorts without strict stop loss now. on daily chart KST Indicator attempted sell at oversold zone and again looking for buy showing weakness of bears and now and we may need to wait for fresh buying, till fresh buy cross here use all bounce for shorting... Nifty may trade volatile as KST Indicator is attempting buy near 0 line

Trader Guide for 13-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India VIX

Nifty Futures closed at 4769 below pivot and averages indicating bears got control on market and now bears looking strong on market if opened below pivot nifty may face selling again and may test Support at 4715 and 4662 and above Pivot it may try to reach resistance of 4868 and 4968 and now up side looking limited as global cues are not supportive.

 India VIX is closed with small loss of -0.88% at 29.27 looks manageable for bears, Stochastic and MACD are indicating rise on India VIX and India VIX is protected by support at 50 DMA and 100 DMA and 21 DMA is nearest support. looks like India VIX is protected by multiple supports and fall is limited on India VIX and Nifty may trade volatile till India VIX holds 200 DMA as Supports.


on Nifty Charts, hourly chart is holding sell from over bought zone and need to wait for fresh buying indication for safe trade and may use this buy cross to close carried shorts, till visible buy cross carried shorts are safe and don't try new shorts without strict stop loss now. on daily chart KST Indicator attempted sell at oversold zone it showing weakness of bulls now and we may need to wait for fresh buying, till fresh buy cross here use all bounce for shorting,  and Nifty now looks as sell on rise...

Trader Guide for 12-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India Vix

Nifty Futures closed at 4882 down by -1.5% from previous close and closed below averages and Pivot looking good for bears if opened below pivot and may try to take Support from 4840 and 4799 and if trades above 4891 it may move upside and may try to cross resistance at 4933 and 4984.

 India Vix is closed with gains at 29.53 up by 3.32%, Stochastic is holding buy from oversold zone and now MACD is attempted buy its a bad indication for nifty to move upside, now India VIX is now protected by support at 50 DMA and 100 DMA and 21 DMA is nearest support.  looks like India VIX is protected by multiple supports and fall is limited on India VIX

On Nifty Charts, on hourly chart KST Indicator is now holding buy need to close carried longs if sell is visible on over bought zone till fresh cross on over bought zone don't try for shorts, On daily chart KST Indicator again on oversold zone after god selling and no sell is indicated on daily charts, till fresh cross on over bought zone it gives us a chance to enter in longs nifty may again try to move upwards till fresh cross on over bought zone buy on dips...

Intraday Update 9-December-11 - Nifty

Yesterday's plan was to go short below 4920 could not be materialized as Nifty opened gap-down @ 4870. and filled the gap of 1st December.

Intraday basis, 4880 is acting as resistance and 4849 as support. We may consider long trade above 4880 with SL below 4840 for the target of 4910-4930-4950.

positional traders can buy between 4840  to 4880 with SL of 4790 target should be 4950-5050-5130

Trading Plan of 9-Dec-2011

Yesterday nifty sold off from 5099 which was 60% retracement of the downmove from 5399 to 4639. The selling continued today and took support at 4922 which is 38.2% retracement of the upmove from 4639 to 5099. Global scenario is not supporting bulls right now and nifty may continue its downmove tomorrow also.

Nifty Ahead: Due to global pressure, today Nifty may open gap-down. Immediate support comes to 4921, breaching which it may start fill the gap of 1st December 2011 and take support at 4810-4825 (61% retracement of 4639-5099) zone. Until Nifty closes below 4815 it is buy on dip although intraday shorts can be created below 4921. 

Trade: Sell below 4920 NS with SL at 4960 for target of 4860 NS, 4830 NS , 4800 NS.

It is advisable to get out of conservative long closing below 4815.

Trader Guide for 08-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

 India VIX

Nifty Futures closed at 5066 with gains of 0.01% from previous close and closed below averages and Pivot looking good for bears and may try to test Support zone of 5035 and 5005 if  trades below 5085 and trading above pivot it may move upside may try to cross resistance at 5115 and 5164.

 India Vix is closed with gains at 26.46 up by 5.76%, Stochastic is holding Sell from overbought zone and small change is visible on oversold zone now MACD is attempted Sell its a good indication for nifty to move upside, now VIX is now protected by support at 200 DMA and 200 DLEMA and 21 DMA is nearest support now holding this it may try to test 50 DMA. if succeed to hold 21 DMA as support nifty may face selling..

on Nifty Charts today on hourly chart KST Indicator holding sell. So, wait for longs and enter in longs on visible cross on over sold zone and may try short if sell is visible for day trading, on Daily chart KST Indicator is trying to pass 0 line and may trade volatile till its near to 0 line and wait for a dip to enter in longs as daily is given buy from over sold zone... buy on dips continues and now waiting for dip to enter in longs...

Trader Guide for 07-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India VIX

Nifty Futures closed at 5072 down by 0.17% from previous close and closed above averages and Pivot is good for bull market and may try to test resistance zone of 5098 and 5123 and if fails on downside it may take support from 5034 and 4996 and on India VIX,

India Vix is closed with gains at 25.02 up by 4.29%, Stochastic is holding Sell from overbought zone  and now MACD is attempted Sell its a good indication for nifty to move upside, now VIX is now protected by support at 200 DMA  and 200 DLEMA and 21 DMA is nearest resistance holding this it may try to test 50 DMA.

on Nifty on hourly chart KST indicator holding sell and attempting buy, wait for clear sign for start our day if sell cross visible close carried longs and try shorts with strict Stop loss or wait for next buying opportunity (looks safest way), on Daily chart KST Indicator is reaching over bought zone and any selling give us a chance to enter in longs till fresh visible cross on overbought zone.... sell on high buy at low is the main mantra of the day

Trader Guide for 05-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India VIX

 

Nifty Futures closed at 5093.80 up by 2.62% from previous close and closed above Pivot and averages showing bulls are back to work and may try to test resistance zone of 5145 and 5197 and if fails to continue upward journey it may again try to take support from 4990 and 4887.

India VIX is closed at 23.99 down -4.12%, Stochastic is holding Sell from overbought zone reached lower zone and may attempt buy after pending correction and now MACD is attempted Sell, now VIX is now protected by support at 200 DMA (23.71) 10 and 21 DMA (26.21) is nearest resistance if manages to reach here and holding this as support it may test 50 DMA (27.64) and on downside 200 DLEMA (23.14) and 200 DLMA (22.43) are support, braking this supports VIX becomes very bearish and may try to reach every and hold resistance.

About Nifty, on hourly chart KST Indicator again on Overbought Zone till fresh visible sell cross avoid shorts, if cross visible here close carried longs and wait for a small dip to enter again in longs day traders may try short with strict stop loss, on Daily chart KST Indicator is reaching overbought zone looks like bulls are in hurry and if it reached 0 line it may trade volatile for 1-2 days and may correct up to daily chart levels and again continue its upward journey... wait for a dip to enter in longs...

Trader Guide for 02-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India VIX

Nifty Futures closed at 4957.15 up by 2.58% from previous close again small weakness visible at closing and  closed below averages and Pivot again showing some weakness and may try o test support zone of4923 and 4890 and if holds 4969 upside it may try to reach 5002 and 5048 and on
India VIX, today VIX closed at 25.02 down -5.8% %, Stochastic is holding Sell from overbought zone  and now MACD is attempting Sell from bullish sign on Nifty, now VIX is now protected by support at 200 DMA (23.71) 15 and 21 DMA (26.07) is nearest resistance holding this it may test 29.79 and on downside 100 DLEMA (24.36) and 200 DMA (23.71) are support and fall is limited till this two supports are protecting VIX fall.

on Nifty Charts after a very good gapup we still watching sell on hourly chart.  KST Indicator still holding Sell on overbought zone and looks like selling is pending wait for longs and may try Intraday longs if hourly supports gains and use Strict Stop loss in intra longs as nifty is at over bought zone and holding sell or wait for fresh cross on over sold zone for longs. On daily chart we may see buy on oversold zone wait for a dip to enter in longs again.

Trader Guide for 01-Dec-2011

KST
Nifty Futures 5 min

Nifty Futures 60 min

Nifty Futures EOD

Pivot

India VIX

 

Nifty futures closed at 4843. 25 above pivot and averages indicating bulls may lead day, on upside it may try to reach 4884 and 4926 and may take support again from 4778 and 4714 if any falls are still pending at this stage,India VIX closed with loss of 1.19% indicates we are on right direction and may see upward trend now 21 DMA is holding VIX and if this level broken, again it may try to take support from 200DMA and now Stoch and RSI are in Sell mode and MACD slowly trying Sell on India VIX good sign for Bulls on Nifty, On Nifty, KST indicator daily chart still on over bought zone and we may face selling from upper levels again if we get buy here, go long with Strict Stop loss or wait for sure sell cross on Over bought zone to short again, on daily chart KST indicator holding Buy cross and saying buy on dip... if we consider hourly chart we may need to wait more for sure buy... day trader may take occasional shorts and positional traders may try longs on every dip till cross on daily is supports bulls.