Sunday, December 11, 2011

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...

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