Manoharbhai, it seems that your calculations have pivoted around that 5370/73 mark for last 2-3 days. Can you please explain your logic, with a chart or so if possible. Thanks.
PS : Just curious about your methodology, not questioning.
TP: To be honest i made the calculation of weekly Pivot only at 7.30 pm Yesterday when i got 5373 as Weekly PIVOT was a surprise to me..
but coincidentally 5373 was also breakdown point due to fallowing reason
sustain above 5465 spot was very crucial for the rally to go on (Weekly Pivot level Calculation) Nifty Made 3 failed attempts... and breakdown point at 5373 was 8 EMA......and from the low of 5170 high of 5630 Fibo 61.8% comes around 5465
NOW 8 EMA at 5361 let us see will spot have the strength to cross this
Finaly please Ref. to my EW theory presented with chart earlier clearly stated will test below 5170 if fail to cross 5465 a week ago. my comments are made on the combination of these technical parameters
TP you have all the liberty to Question me it is public forum i have no problem answering if i know the answer.