Nifty Futures Trading

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Re: Time to Stick my Neck Out ,Nifty 7300

Now previous pivot high on the 5min is 4665...

Saint
 
Re: Time to Stick my Neck Out ,Nifty 7300

we rose from a low of 4469 to 4715 .... thats a move of 246 points. 61.2% translates to 94 points ... that would be 4715-94 = 4621. if going long this is an important point. Nifty came down here after touching 4715.

If you look at the bigger picture .... we had a pivot high at about 5020 and a pivot low at 4469. Thats 540 points. 38.2% would come 4683, 50% would be 4745 and 61.2% would be 4808.
 
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uasish

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Re: Time to Stick my Neck Out ,Nifty 7300

we rose from a low of 4469 to 4715 .... thats a move of 246 points. 61.2% translates to 94 points ... that would be 4715-94 = 4621. if going long this is an important point. Nifty came down here after touching 4715.

If you look at the bigger picture .... we had a pivot high at about 5020 and a pivot low at 4469. Thats 540 points. 38.2% would come 4683, 50% would be 4745 and 61.2% would be 4808.
Well have'nt looked it in this angle.
 
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