Wednesday, December 7, 2011

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

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