NIFTY 50 future TRENDS-Part 2

[prabhsingh]

SevenStar,

Whats the reason for adding default value of 23 to High and Low?Why just 23 and nothing else?

 

[essem]

Call Participation reducing gradually, looks like big fishes are writing calls at Higher Level @higher price. a down trend ahead by end or tomorrow? any other view?

 

[SEVEN STAR]

Ratio Price..as per close on Friday..

pls calculate on closing price with setting default value of adding 23 as high price..for exp.. close price 6048+23=6071..high...low 6048
Fibonacci Calculator for Day Trading and Investors..
kindly calculate by yourself ..-1.800 and -2.618 are the main support ..and res..+1.800 and +2.618..at high..
i wish you all the best..thank you..link given below
http://www.mypivots.com/investment-calculators/fibonacci-calculator

@prabhsingh
The Default value of 23 is based on max..peeks and lows of 5 years..avg. price as per 0.618% value.. and this has been back tested with some other values finally arrived at...23 .......
inraday ..+0.382 to sustain for positive market...and sustains below -0.382 Negative market...pls.. make your own study before take any trading positions....thank you and by.........
i will not be available regularly..hence i had given the method of calculation what i do for my trading...and the levels i was posting here..:thumb:

 

[Raghuveer]

@SevenStar: Many thanks for sharing your research results and for all your posts.

Please tell if this is the correct way to get Fib levels:

Close=6036.1 (as seen in image above) or should we use LTP?

Close+23=6059.1= Entered as High in Fib calculator.

Low=6026.6 (as seen in image above).

For getting levels today (Feb 4), is this the correct way to do it?

Levels given by mypivots dot com as per above values:
NF ~ Ratio
6112 ~ 2.618
6085 ~ 1.800
6059 ~ 1
6039 ~ 0.382

6014 ~ -0.382
5994 ~ -1
5968 ~ -1.800
5942 ~ -2.618

 

[SEVEN STAR]

@SevenStar: Many thanks for sharing your research results and for all your posts.

Please tell if this is the correct way to get Fib levels:

Close=6036.1 (as seen in image above) or should we use LTP?

Close+23=6059.1= Entered as High in Fib calculator.

Low=6026.6 (as seen in image above).

For getting levels today (Feb 4), is this the correct way to do it?

Levels given by mypivots dot com as per above values:
NF ~ Ratio
6112 ~ 2.618
6085 ~ 1.800
6059 ~ 1
6039 ~ 0.382

6014 ~ -0.382
5994 ~ -1
5968 ~ -1.800
5942 ~ -2.618

DO NOT USE ANY DECIMAL VALUE ANYWHERE..AND.INPUT..DECIMAL SHOULD BE 0 AGAIN I GIVE YOU THE LINK..
http://www.mypivots.com/investment-calculators/fibonacci-calculator
AS PER YESTER DAY'S CLOSE -1.800 IS 5995

 

[SEVEN STAR]

FOR TOMORROW..FAIL TO CROSS AND SUSTAIN ABOVE 6004... +0.382
LOOK..FOR -0.382..-1.000...1.800
http://www.mypivots.com/investment-calculators/fibonacci-calculator

 

[Raghuveer]

DO NOT USE ANY DECIMAL VALUE ANYWHERE..AND.INPUT..DECIMAL SHOULD BE 0 AGAIN I GIVE YOU THE LINK..
http://www.mypivots.com/investment-calculators/fibonacci-calculator
AS PER YESTER DAY'S CLOSE -1.800 IS 5995

Seniors: Did I get this right?

Feb 4 Close=5996.
Close + 23 = 6019 <= This is to be entered as High in Fib calculator.
Low = 5990.

For Feb 5, Levels given by mypivots dot com as per above values:
NF ~ Ratio
6066 ~ 2.618
6042 ~ 1.800
6019 ~ 1
6001 ~ 0.382

5979 ~ -0.382
5961 ~ -1
5938 ~ -1.800
5914 ~ -2.618

 

[a1b1trader]

Hi Raghuveer
You have to take close value as the low value and not the low value as low value.
Only then you will get + .382 value as 6004 as mentioned in the post #606
So please calculate again.

 

[Raghuveer]

Hi Raghuveer
You have to take close value as the low value and not the low value as low value.
Only then you will get + .382 value as 6004 as mentioned in the post #606
So please calculate again.

Thank you a1b1.
Please see if this is right. Still not getting +0.382 value as 6004.

Feb 4 Close= 5996. <= so this is to be entered as Low in Fib calculator.
Feb 4 Close + 23 = 6019. <= This is to be entered as High in Fib calculator.

For Feb 5, Levels given by mypivots dot com as per above values:
NF ~ Ratio
6056 ~ 2.618
6037 ~ 1.800
6019 ~ 1
6005 ~ 0.382

5987 ~ -0.382
5973 ~ -1
5955 ~ -1.800
5936 ~ -2.618

 

[trdstudent]

As per the close Tug of war going on between bulls and bears at 6040 hence i am neutral..let us see on Monday...........

Thnx a lot.... was not here so sorry for late reply ..... now I think we will c 5895 around spot if nifty can not brch 5975/80 level... right ?