Nifty Weekly Technical view is present as below:
1. Market are showing good strength and trading well above 5 EMA.
2. RSI is showing negative divergence
3.Nifty is very near to its 52 week high of 5311 and facing quite a high resistance at 5290
4.Nifty is moving in a channel and will find support at the bottom of the channel around 5200 oce it is not able to cross 5311 during the early part of week
5.OI charts are attached Good OI is at 5200 PE should prove to be a good support …

Hi All,
Today i will explain one more Trading System which is known as CAMARILLA Pivot Point which will come Handy for Day Trading Purpose.
Origins of the Camarilla Equation:
Discovered while day trading in 1989 by Nick Stott, a successful bond trader in the financial markets, which uses a truism of nature to define market action – namely that most time series have a tendency to revert to the mean. In other words, when markets have a wide spread between the high and low the day before, they tend to …

Introduction
The pivot point is the level at which the market direction changes for the day. Pivot Point trading is the most basic in trading and lots of traders use this so market finds support and resistance at Pivot Levels.
Pivot Points are support and resistance levels that are calculated using the open, high, low, and close, from the previous trading day. Standard pivot points include the pivot point itself, three full support levels, and three full resistance levels.
If the market opens above the pivot point then the bias for the day …