Nifty Futures Trading

[kapil123]

Sunil, 3 observations abt carmellia pivot calc.
1. Has very less levels(May be we can add more formula but goes against the theory).
2. The last level for today was 2831 which is S4. I believe from there u should go long. but proved wrong atleast in present scenario.
3. The levels I see are not sane. For instance, Resistance 1 is always above a Pivot for the day which is not the case in Carm. see below.

R4 3038.05
R3 2986.37
R2 2969.15
R1 2951.92
PP 2977.87
S1 2917.48
S2 2900.25
S3 2883.03
S4 2831.36

But Classic & Woodie have had decent predictions for levels. Just my observations.

S4 is the point where one should have taken a short as S4 and L4 are levels that indicate breakdown or breakout.

 

[uasish]

kumark,

A Circuit is to stop flow of one side order,in a down circuit all Buy order are executed but NO sell order.

Asish

 

[Sunil]

For today the ckt is at 390 points for Nifty Spot

i hope u r sure kapil...
i have never seen a circuit in my trading career..


lagta hain aur wait karna padega

 

[uasish]

Plz dont think that 10% thats why Mkt should circuit.

 

[new2sm]

I am loving FIIs today. They are making sure no 10% before 2:30. I am loving it.

 

[uasish]

Probably we might see 2634.

This also reached,now next support is 2560.

 

[debdeeps]

i hope u r sure kapil...
i have never seen a circuit in my trading career..


lagta hain aur wait karna padega

18th/19th Oct, 2007 was another circuit day and also in Jan, possibly 21 was another. Were you not trading those days?

 

[kapil123]

i hope u r sure kapil...
i have never seen a circuit in my trading career..


lagta hain aur wait karna padega

I read it on a thread only.

 

[uasish]

Now bringing down stop by 100 points.

 

[Sunil]

S4 is the point where one should have taken a short as S4 and L4 are levels that indicate breakdown or breakout.

completely agree with kapil...
that's as per theory...

it's buy at S3 or on crossing S3 from below
it's a sell below S4

Similiarly, it's a sell at R3 or on crossing R3 from top
it's a buy above R4